REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(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 Section 10A-2-7.25.
(b) If the articles of incorporation or this chapter provide for voting by two 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 Section 10A-2-7.25. Action may be taken by one voting group on a matter even though no action is taken by another group entitled to vote on the matter.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2 - Business Corporations.
Section 10A-2-7.20 - Shareholders' List for Meeting.
Section 10A-2-7.21 - Voting Entitlement of Shares.
Section 10A-2-7.23 - Shares Held by Nominees.
Section 10A-2-7.24 - Corporation's Acceptance of Votes.
Section 10A-2-7.25 - Quorum and Voting Requirements for Voting Groups.
Section 10A-2-7.26 - Action by Single and Multiple Voting Groups.
Section 10A-2-7.27 - Greater Quorum or Voting Requirements.
Section 10A-2-7.28 - Voting for Directors; Cumulative Voting.