185.52 Stockholder voting on amendments to articles.

142 words·~1 min read·/wi/chapter-185/185-52-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Whether or not permitted to vote by the articles, a holder of stock other than membership stock who is affected by a proposed amendment to articles shall be entitled to cast one vote on the amendment regardless of the dollar amount of stock, the number of shares or the number of affected classes of stock he or she holds.

(b)A member holding stock affected by a proposed amendment may vote both as a member and as an affected stockholder.

(2)For purposes of this section, a holder of stock is affected as to any class of stock owned by the holder only if an amendment would expressly:

(a)Decrease the dividends to which that class may be entitled or change the method by which the dividend rate on that class is fixed.