(a) Except as providedin subsections (b) and (c) or unless the articles of incorporation provideotherwise, each outstanding share, regardless of class, is entitled to one voteon each matter voted on at a shareholders' meeting.
(b) Absent specialcircumstances, the shares of a corporation are not entitled to vote if they areowned, directly or indirectly, by a second corporation, domestic or foreign,and the first corporation owns, directly or indirectly, a majority of theshares entitled to vote for directors of the second corporation.
(c) Subsection (b) doesnot limit the power of a corporation to vote any shares, including its ownshares, held by it in a fiduciary capacity.
(d) Redeemable sharesare not entitled to vote after notice of redemption is given to the holders anda sum sufficient to redeem the shares has been deposited with a bank, trustcompany, or other financial institution under an irrevocable obligation to paythe holders the redemption price on surrender of the shares. (Rev.,ss. 1183, 1184; 1907, c. 457, s. 1; 1909, c. 827, s. 1; C.S., s. 1173; 1945, c.635; G.S., s. 55‑110; 1951, c. 265, s. 2; 1953, c. 722; 1955, c. 1371, s.1; 1959, c. 768; c. 1316, s. 23; 1963, c. 1065; 1969, c. 751, ss. 34, 35; 1985,c. 419; 1985 (Reg. Sess., 1986), c. 801, s. 45; 1989, c. 265, s. 1.)
(a) Except as providedin subsections (b) and (c) or unless the articles of incorporation provideotherwise, each outstanding share, regardless of class, is entitled to one voteon each matter voted on at a shareholders' meeting.
(b) Absent specialcircumstances, the shares of a corporation are not entitled to vote if they areowned, directly or indirectly, by a second corporation, domestic or foreign,and the first corporation owns, directly or indirectly, a majority of theshares entitled to vote for directors of the second corporation.
(c) Subsection (b) doesnot limit the power of a corporation to vote any shares, including its ownshares, held by it in a fiduciary capacity.
(d) Redeemable sharesare not entitled to vote after notice of redemption is given to the holders anda sum sufficient to redeem the shares has been deposited with a bank, trustcompany, or other financial institution under an irrevocable obligation to paythe holders the redemption price on surrender of the shares. (Rev.,ss. 1183, 1184; 1907, c. 457, s. 1; 1909, c. 827, s. 1; C.S., s. 1173; 1945, c.635; G.S., s. 55‑110; 1951, c. 265, s. 2; 1953, c. 722; 1955, c. 1371, s.1; 1959, c. 768; c. 1316, s. 23; 1963, c. 1065; 1969, c. 751, ss. 34, 35; 1985,c. 419; 1985 (Reg. Sess., 1986), c. 801, s. 45; 1989, c. 265, s. 1.)
(a) Except as providedin subsections (b) and (c) or unless the articles of incorporation provideotherwise, each outstanding share, regardless of class, is entitled to one voteon each matter voted on at a shareholders' meeting.
(b) Absent specialcircumstances, the shares of a corporation are not entitled to vote if they areowned, directly or indirectly, by a second corporation, domestic or foreign,and the first corporation owns, directly or indirectly, a majority of theshares entitled to vote for directors of the second corporation.
(c) Subsection (b) doesnot limit the power of a corporation to vote any shares, including its ownshares, held by it in a fiduciary capacity.
(d) Redeemable sharesare not entitled to vote after notice of redemption is given to the holders anda sum sufficient to redeem the shares has been deposited with a bank, trustcompany, or other financial institution under an irrevocable obligation to paythe holders the redemption price on surrender of the shares. (Rev.,ss. 1183, 1184; 1907, c. 457, s. 1; 1909, c. 827, s. 1; C.S., s. 1173; 1945, c.635; G.S., s. 55‑110; 1951, c. 265, s. 2; 1953, c. 722; 1955, c. 1371, s.1; 1959, c. 768; c. 1316, s. 23; 1963, c. 1065; 1969, c. 751, ss. 34, 35; 1985,c. 419; 1985 (Reg. Sess., 1986), c. 801, s. 45; 1989, c. 265, s. 1.)
