2006 Ohio Revised Code - 1702.20. Voting rights of members.

§ 1702.20. Voting rights of members.
 

(A)  Except as otherwise provided in the articles or the regulations, each member, regardless of class, shall be entitled to one vote on each matter properly submitted to the members for their vote, consent, waiver, release, or other action. 

(B)  The articles or the regulations may provide that voting at elections and votes on other matters may be conducted by mail or by the use of authorized communications equipment. 

(C)  Participation by a member in a meeting through the use of any of the means of communication described in division (B) of this section constitutes presence in person of that member at the meeting. The directors may adopt procedures and guidelines for the use of authorized communications equipment to permit the corporation to verify that a person is a voting member and to maintain a record of any vote. 

(D)  Unless the articles or the regulations otherwise provide, no member who is a natural person shall vote or act by proxy. 
 

HISTORY: 126 v 432(506), § 2. Eff 10-11-55; 151 v H 42, § 1, eff. 8-19-05.
 

Not analogous to former RC § 1702.20 (GC § 8623-113; 112 v 9(51), § 113; Bureau of Code Revision, 10-1-53); but see former RC § 1702.11 (GC § 8623-104; 112 v 9(49), § 104; Bureau of Code Revision, 10-1-53), former RC §§ 1702.20, 1702.11 repealed 126 v 432, § 5, eff 10-11-55.

 

Effect of Amendments

151 v H 42, effective August 19, 2005, rewrote the section. 

 

19xx Committee Report or Comment.
 

1955 COMMITTEE COMMENT

Based on present Sec. 1702.11, new Sec. 1701.44, and Section 15 of the Model Act, excluding, however, the cumulative voting provision in the Model Act.