Section 714 - Quorum and voting requirements for voting groups.

UT Code § 16-6a-714 (2019) (N/A)
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(1) (a) Members entitled to vote as a separate voting group may take action on a matter at a meeting only if a quorum of those members exists with respect to that matter. (b) Unless otherwise provided in this chapter or in accordance with Section 16-6a-716, at a meeting of the voting group, the members of the voting group that are represented for any purpose at the meeting constitute a quorum of that voting group for action on a matter.

(a) Members entitled to vote as a separate voting group may take action on a matter at a meeting only if a quorum of those members exists with respect to that matter.

(b) Unless otherwise provided in this chapter or in accordance with Section 16-6a-716, at a meeting of the voting group, the members of the voting group that are represented for any purpose at the meeting constitute a quorum of that voting group for action on a matter.

(2) Once a member is represented for any purpose at a meeting, including the purpose of determining that a quorum exists, the member is considered present for quorum purposes: (a) for the remainder of the meeting; and (b) for any adjournment of that meeting, unless: (i) otherwise provided in the bylaws; or (ii) a new record date is or shall be set for that adjourned meeting.

(a) for the remainder of the meeting; and

(b) for any adjournment of that meeting, unless: (i) otherwise provided in the bylaws; or (ii) a new record date is or shall be set for that adjourned meeting.

(i) otherwise provided in the bylaws; or

(ii) a new record date is or shall be set for that adjourned meeting.

(3) Action on a matter other than the election of directors by a voting group is approved if: (a) a quorum exists; (b) the votes cast within the voting group favoring the action exceed the votes cast within the voting group opposing the action; and (c) a greater number of affirmative votes is not required by this chapter or the bylaws.

(a) a quorum exists;

(b) the votes cast within the voting group favoring the action exceed the votes cast within the voting group opposing the action; and

(c) a greater number of affirmative votes is not required by this chapter or the bylaws.

(4) The election of directors is governed by Section 16-6a-717.