{"id":205,"date":"2014-10-21T15:25:25","date_gmt":"2014-10-21T15:25:25","guid":{"rendered":"http:\/\/dgclsimplified.com\/?page_id=205"},"modified":"2015-01-29T19:54:14","modified_gmt":"2015-01-29T19:54:14","slug":"%c2%a7-216-quorum-and-required-vote-for-stock-corporations","status":"publish","type":"page","link":"https:\/\/simplifiedcodes.com\/?page_id=205","title":{"rendered":"\u00a7 216. Quorum and required vote for stock corporations."},"content":{"rendered":"<p>Subject to this chapter in respect of the vote that shall be required for a specified action, the charter or bylaws may specify the number of shares and\/or other voting securities that constitute a quorum for, and the votes required for any action of, a stockholder meeting. The quorum must not be less than one-third of the shares entitled to vote at the meeting, or, where a separate vote by class or series is required, of the shares of that class or series. In the absence of such specification:<\/p>\n<ol>\n<li>\u00a0 A majority of the shares entitled to vote, present in person or represented by proxy (\u201cpresent\u201d), constitute a quorum;<\/li>\n<li> All matters other than the election of directors require the affirmative vote of the majority of shares present and entitled to vote on the subject matter,<\/li>\n<li> Directors are elected by a plurality of the votes of the shares present and entitled to vote on the election; and<\/li>\n<li> Where a separate vote by a class or series is required, a majority of shares of such class or series constitutes a quorum, and all matters other than the election of directors require the affirmative vote of the majority of that class\u2019s or series\u2019 shares present.<\/li>\n<\/ol>\n<p>A bylaw amendment adopted by stockholders which specifies the votes necessary for the election of directors shall not be further amended by the board.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subject to this chapter in respect of the vote that shall be required for a specified action, the charter or bylaws may specify the number of shares and\/or other voting securities that constitute a quorum for, and the votes required for any action of, a stockholder meeting. The quorum must not be less than one-third [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":193,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"_links":{"self":[{"href":"https:\/\/simplifiedcodes.com\/index.php?rest_route=\/wp\/v2\/pages\/205"}],"collection":[{"href":"https:\/\/simplifiedcodes.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/simplifiedcodes.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/simplifiedcodes.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/simplifiedcodes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=205"}],"version-history":[{"count":3,"href":"https:\/\/simplifiedcodes.com\/index.php?rest_route=\/wp\/v2\/pages\/205\/revisions"}],"predecessor-version":[{"id":504,"href":"https:\/\/simplifiedcodes.com\/index.php?rest_route=\/wp\/v2\/pages\/205\/revisions\/504"}],"up":[{"embeddable":true,"href":"https:\/\/simplifiedcodes.com\/index.php?rest_route=\/wp\/v2\/pages\/193"}],"wp:attachment":[{"href":"https:\/\/simplifiedcodes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}