§728. Action by single and multiple voting groups
1. Voting by single voting group. If a corporation's articles of incorporation or this Act 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 727.
[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
2. Voting by multiple voting groups. If a corporation's articles of incorporation or this Act provides for voting by 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 section 727. Action may be taken by one voting group on a matter even though no action is taken by another voting group entitled to vote on the matter.
[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
SECTION HISTORY
PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF).
Structure Maine Revised Statutes
TITLE 13-C: MAINE BUSINESS CORPORATION ACT
13-C §721. Shareholders lists for meeting
13-C §722. Voting entitlement of shares
13-C §724. Shares held by nominees
13-C §725. Acceptance of votes and other instruments
13-C §726. Shares held by minor
13-C §727. Quorum and voting requirements for voting groups
13-C §728. Action by single and multiple voting groups
13-C §729. Greater quorum or voting requirements
13-C §730. Voting for directors; cumulative voting
13-C §731. Inspectors of election
13-C §732. Judicial determination of corporate offices and review of elections and shareholder votes