TITLE 30

CORPORATIONS

CHAPTER 29

GENERAL BUSINESS CORPORATIONS

PART 7

SHAREHOLDERS

30-29-726.  ACTION BY SINGLE AND MULTIPLE VOTING GROUPS. (a) If the articles of incorporation or this chapter provide for voting by a single voting group on a matter, action on that matter is taken when voted upon by that voting group as provided in section 30-29-725, Idaho Code.

(b)  If the articles of incorporation or this chapter provide for voting by two (2) or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in section 30-29-725, Idaho Code. Action may be taken by different voting groups on a matter at different times.

History:

[30-29-726, added 2015, ch. 243, sec. 62, p. 922; am. 2019, ch. 90, sec. 58, p. 261.]