Maryland Corporations and Associations Section 2-506

Article - Corporations and Associations

§ 2-506.

      (a)      Unless this article or the charter of a corporation provides otherwise, at a meeting of stockholders:

            (1)      The presence in person or by proxy of stockholders entitled to cast a majority of all the votes entitled to be cast at the meeting constitutes a quorum; and

            (2)      A majority of all the votes cast at a meeting at which a quorum is present is sufficient to approve any matter which properly comes before the meeting.

      (b)      Subject to other provisions of this article, unless the charter of a corporation provides otherwise, if two or more classes of stock are entitled to vote separately on any matter for which this article requires approval by two thirds of all the votes entitled to be cast, the matter shall be approved by two thirds of all the votes of each class.



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