Effective 5/12/2015
16-6a-711. Voting entitlement generally.
16-6a-711. Voting entitlement generally.
- (1) Unless otherwise provided by the bylaws:
- (a) only voting members may vote with respect to any matter required or permitted under this chapter to be submitted to a vote of the members;
- (b) all references in this chapter to votes of or voting by the members permit voting only by the voting members; and
- (c) voting members may vote with respect to all matters required or permitted under this chapter to be submitted to a vote of the members.
- (2) Unless otherwise provided by the bylaws, each member entitled to vote may cast:
- (a) one vote on each matter submitted to a vote of members for nonprofit corporations other than those in Subsection (2)(b); and
- (b) one vote for each share held by the member on each matter submitted for a vote of members if the nonprofit corporation issues shares to its members.
- (3) Unless otherwise provided by the bylaws, if a membership stands of record in the names of two or more persons, the membership’s acts with respect to voting have the following effect:
- (a) If only one votes, the act binds all of the persons whose membership is jointly held.
- (b) If more than one votes, the vote is divided on a pro-rata basis.
Amended by Chapter 240, 2015 General Session