31A-5-402 - Shareholders' meetings.
31A-5-402. Shareholders' meetings.
(1) Sections 16-10a-701, 16-10a-702, 16-10a-705, 16-10a-721, 16-10a-724, 16-10a-726,and 16-10a-728 apply to the meetings, notices, quorums, and voting of stock corporations. Except where a greater percentage is required or allowed under this title, the articles ofincorporation of domestic insurers may not require more than 50% of the shares represented forthe approval of an action requiring shareholder approval.
(2) Sections 16-10a-707 and 16-10a-720 apply to the closing of transfer books, the fixingof the record date, and the voting lists of stock corporations.
(3) Section 16-10a-731 applies to stock corporations. The transfer of shares to a votingtrust does not preclude the trustor, or trustee, from being subject to Chapter 16.
Amended by Chapter 277, 1992 General Session