47-1A-863.1. Quorum of qualified shareholders.
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/sd/title-47/chapter-47-1/47-1a-863-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A majority of the votes entitled to be cast by the holders of all qualified shares constitutes a quorum for purposes of action that complies with § 47-1A-863 . Subject to the provisions of §§ 47-1A-863.2 and 47-1A-863.3 , shareholders' action that otherwise complies with § 47-1A-863 is not affected by the presence of holders, or the voting, of shares that are not qualified shares.