2022 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A - Alabama Business Corporation Law.
Article 7 - Stockholders.
Division B - Voting.
Section 10A-2A-7.26 - Action by Single and Multiple Voting Groups.

Universal Citation: AL Code § 10A-2A-7.26 (2022)

Section 10A-2A-7.26

Action by single and multiple voting groups.

(a) If the certificate of incorporation or this chapter 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 Section 10A-2A-7.25.

(b) If the certificate of incorporation or this chapter 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 Section 10A-2A-7.25. Action may be taken by different voting groups on a matter at different times.

(Act 2019-94, §1.)

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