(a) If the articles of incorporation or Chapters 1 through 20 of this Title 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 33-7-250.
(b) If the articles of incorporation or Chapters 1 through 20 of this Title 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 33-7-250. 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.
HISTORY: 1988 Act No. 444, Section 2.
Structure South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Section 33-7-101. Annual meeting.
Section 33-7-102. Special meeting.
Section 33-7-103. Court-ordered meeting.
Section 33-7-104. Action without meeting.
Section 33-7-105. Notice of meeting.
Section 33-7-106. Waiver of notice.
Section 33-7-107. Record date.
Section 33-7-200. Shareholders' list for meeting.
Section 33-7-210. Voting entitlement of shares.
Section 33-7-230. Shares held by nominees.
Section 33-7-240. Corporation's acceptance of votes.
Section 33-7-250. Quorum and voting requirements for voting groups.
Section 33-7-260. Action by single and multiple voting groups.
Section 33-7-270. Greater quorum or voting requirements.
Section 33-7-280. Voting for directors; cumulative voting.
Section 33-7-300. Voting trusts.