(a) If the articles of incorporation or this chapter provide for voting by a single voting group on a matter, action on that matter is taken when voted upon by that voting group as provided in § 4-27-725.
(b) If the articles of incorporation or this chapter provide for voting by two (2) or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in § 4-27-725. Action may be taken by one (1) voting group on a matter even though no action is taken by another voting group entitled to vote on the matter.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 27 - Business Corporation Act of 1987
§ 4-27-720. Shareholders' list for meeting
§ 4-27-721. Voting entitlement of shares
§ 4-27-723. Shares held by nominees
§ 4-27-724. Corporation's acceptance of votes
§ 4-27-725. Quorum and voting requirements for voting groups
§ 4-27-726. Action by single and multiple voting groups