47-1A-863.1. Quorum of qualified shareholders.
A majority of the votes entitled to be cast by the holders of all qualified shares constitutes a quorum for purposes of action that complies with §47-1A-863. Subject to the provisions of §§47-1A-863.2 and 47-1A-863.3, shareholders' action that otherwise complies with §47-1A-863 is not affected by the presence of holders, or the voting, of shares that are not qualified shares.
Source: SL 2005, ch 239, §191.