Section 504.712. Voting entitlement generally.

Latest version.

  1.  Except as provided in the articles of incorporation or bylaws, each member shall be entitled to one vote on each matter submitted to a vote of members.
  2.  Unless the articles or bylaws provide otherwise, if a membership stands of record in the names of two or more persons, the persons’ acts with respect to voting shall have the following effect:
  a.  If only one votes, such act binds all.
  b.  If more than one votes, the vote shall be divided on a pro rata basis.
2004 Acts, ch 1049, §64, 192
; 2015 Acts, ch 45, §6
Subsection 1 amended

                    
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