Section 53-18-6 - Greater voting requirements. - New-mexico Statutes

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Statutes > New-mexico > Chapter-53 > Article-18 > Section-53-18-6

53-18-6. Greater voting requirements.

Whenever a section of the Business Corporation Act [Chapter 53, Articles 11 to 18 NMSA 1978] specifies the vote of the holders of a certain proportion of the shares, or of any class or series thereof, for the taking of any action by the shareholders of a corporation, the articles of incorporation may require a greater proportion. An amendment to the articles of incorporation which adds, changes or deletes a provision for a greater proportion must be adopted by the same vote as would be required to take action under the provision to be adopted or then in effect, whichever is greater.

State Codes and Statutes

Statutes > New-mexico > Chapter-53 > Article-18 > Section-53-18-6

53-18-6. Greater voting requirements.

Whenever a section of the Business Corporation Act [Chapter 53, Articles 11 to 18 NMSA 1978] specifies the vote of the holders of a certain proportion of the shares, or of any class or series thereof, for the taking of any action by the shareholders of a corporation, the articles of incorporation may require a greater proportion. An amendment to the articles of incorporation which adds, changes or deletes a provision for a greater proportion must be adopted by the same vote as would be required to take action under the provision to be adopted or then in effect, whichever is greater.

State Codes and Statutes

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State Codes and Statutes

Statutes > New-mexico > Chapter-53 > Article-18 > Section-53-18-6

53-18-6. Greater voting requirements.

Whenever a section of the Business Corporation Act [Chapter 53, Articles 11 to 18 NMSA 1978] specifies the vote of the holders of a certain proportion of the shares, or of any class or series thereof, for the taking of any action by the shareholders of a corporation, the articles of incorporation may require a greater proportion. An amendment to the articles of incorporation which adds, changes or deletes a provision for a greater proportion must be adopted by the same vote as would be required to take action under the provision to be adopted or then in effect, whichever is greater.