Code of Virginia § 13.1-850. Action by single and multiple voting groups.
118 words·~1 min read·
/va/title-13-1/chapter-10/13-1-850·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. If the articles of incorporation or this Act 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 § 13.1-849 .
B. If the articles of incorporation or this Act 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 § 13.1-849 . 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.
1985, c. 522; 2007, c. 925 .