16-6a-711. Voting entitlement generally.
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Effective 5/12/2015
16-6a-711. Voting entitlement generally.
(1)Unless otherwise provided by the bylaws:
(a)only voting members may vote with respect to any matter required or permitted under this chapter to be submitted to a vote of the members;
(b)all references in this chapter to votes of or voting by the members permit voting only by the voting members; and
(c)voting members may vote with respect to all matters required or permitted under this chapter to be submitted to a vote of the members.
(2)Unless otherwise provided by the bylaws, each member entitled to vote may cast:
(a)one vote on each matter submitted to a vote of members for nonprofit corporations other than those in Subsection (2)(b) ; and
(b)one vote for each share held by the member on each matter submitted for a vote of members if the nonprofit corporation issues shares to its members.
(3)Unless otherwise provided by the bylaws, if a membership stands of record in the names of two or more persons, the membership's acts with respect to voting have the following effect:
(a)If only one votes, the act binds all of the persons whose membership is jointly held.
(b)If more than one votes, the vote is divided on a pro-rata basis.
Amended by Chapter 240 , 2015 General Session