§729. Greater quorum or voting requirements
1. Greater number may be required. A corporation's articles of incorporation may provide for a greater quorum or voting requirement for shareholders or voting groups of shareholders than is provided for by this Act.
[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
2. Amendment of articles of incorporation. An amendment to a corporation's articles of incorporation that adds, changes or deletes a greater quorum or voting requirement must meet the same quorum requirement and be adopted by the same vote and voting groups required to take action under the quorum and voting requirements then in effect or proposed to be adopted, whichever is greater.
[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