(a) If the certificate of incorporation or this chapter provides 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-2A-7.25.
(b) If the certificate of incorporation or this chapter provides 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-2A-7.25. Action may be taken by different voting groups on a matter at different times.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A - Alabama Business Corporation Law.
Section 10A-2A-7.20 - Stockholders' List for Meeting.
Section 10A-2A-7.21 - Voting Entitlement of Stock.
Section 10A-2A-7.22 - Proxies.
Section 10A-2A-7.23 - Stock Held by Intermediaries and Nominees.
Section 10A-2A-7.24 - Acceptance of Votes and Other Instruments.
Section 10A-2A-7.25 - Quorum and Voting Requirements for Voting Groups.
Section 10A-2A-7.26 - Action by Single and Multiple Voting Groups.
Section 10A-2A-7.27 - Modifying Quorum or Voting Requirements.
Section 10A-2A-7.28 - Voting for Directors; Cumulative Voting.