55-7-26. Action by single and multiple voting groups.
(a) If the articles of incorporation, a bylaw adopted by the shareholders, 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 G.S. 55-7-25.
(b) If the articles of incorporation, a bylaw adopted by the shareholders, 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 G.S. 55-7-25. Action may be taken by one voting group on a matter even though no action is taken at the same time by another voting group entitled to vote on the matter. (1989, c. 265, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 55 - North Carolina Business Corporation Act
§ 55-7-03 - Court-ordered meeting.
§ 55-7-04 - Action without meeting.
§ 55-7-05 - Notice of meeting.
§ 55-7-09 - Remote participation in meetings; meetings held solely by remote participation.
§ 55-7-20 - Shareholders' list for meeting.
§ 55-7-21 - Voting entitlement of shares.
§ 55-7-21.1 - Rights of holders of debt securities.
§ 55-7-23 - Shares held by nominees.
§ 55-7-24 - Corporation's acceptance of votes.
§ 55-7-25 - Quorum and voting requirements for voting groups.
§ 55-7-26 - Action by single and multiple voting groups.
§ 55-7-27 - Greater quorum or voting requirements.
§ 55-7-28 - Voting for directors; cumulative voting.
§ 55-7-31 - Shareholders' agreements.
§ 55-7-40 - Shareholders' derivative actions.
§ 55-7-43 - Stay of proceedings.
§ 55-7-45 - Discontinuance or settlement.
§ 55-7-46 - Payment of expenses.
§ 55-7-47 - Applicability to foreign corporations.
§ 55-7-48 - Suits against directors of public corporations.