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Section 33-31-723. Voting requirements.

SC Code § 33-31-723 (2019) (N/A)
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(a) Unless this chapter, the articles, or the bylaws require a greater vote or voting by class, if a quorum is present, the affirmative vote of the votes represented and voting, which affirmative votes also constitute a majority of the required quorum, is the act of the members.

(b) A bylaw amendment to increase or decrease the vote required for a member action must be approved by the members and, if required, be approved as required in Section 33-31-1030.

(c) An amendment of the articles of incorporation or bylaws adding, changing, or deleting a voting requirement must be adopted by the same vote and classes of members required to take action under the voting requirements then in effect or proposed to be adopted, whichever is greater.

HISTORY: 1994 Act No. 384, Section 1.

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Section 33-31-722. Quorum requirements.
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Section 33-31-724. Proxies.