16-10a-726. Action by single and multiple voting groups.
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/ut/title-16/chapter-10a/16-10a-726A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
16-10a-726. Action by single and multiple voting groups.
(1)If the articles of incorporation or this chapter provide 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 16-10a-725 .
(2)If the articles of incorporation or this chapter provide 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 16-10a-725 . One voting group may vote on a matter even though another voting group entitled to vote on the matter has not voted.
Enacted by Chapter 277 , 1992 General Session