State Codes and Statutes

Statutes > New-york > Bsc > Article-6 > 614

§ 614. Vote of shareholders.    (a) Directors  shall,  except as otherwise required by this chapter or  by the by-laws or certificate of  incorporation  as  permitted  by  this  chapter,  be  elected  by  a plurality of the votes cast at a meeting of  shareholders by the holders of shares entitled to vote in the election.    (b)  Whenever  any  corporate  action,  other  than  the  election  of  directors,   is   to  be  taken  under  this  chapter  by  vote  of  the  shareholders, it shall, except as otherwise required by this chapter  or  by  the  certificate of incorporation as permitted by this chapter or by  the specific provisions of a by-law  adopted  by  the  shareholders,  be  authorized  by  a majority of the votes cast in favor of or against such  action at a meeting of shareholders by the holders of shares entitled to  vote thereon.  Except  as  otherwise  provided  in  the  certificate  of  incorporation  or  the  specific  provision  of  a by-law adopted by the  shareholders, an abstention shall not constitute a vote cast.

State Codes and Statutes

Statutes > New-york > Bsc > Article-6 > 614

§ 614. Vote of shareholders.    (a) Directors  shall,  except as otherwise required by this chapter or  by the by-laws or certificate of  incorporation  as  permitted  by  this  chapter,  be  elected  by  a plurality of the votes cast at a meeting of  shareholders by the holders of shares entitled to vote in the election.    (b)  Whenever  any  corporate  action,  other  than  the  election  of  directors,   is   to  be  taken  under  this  chapter  by  vote  of  the  shareholders, it shall, except as otherwise required by this chapter  or  by  the  certificate of incorporation as permitted by this chapter or by  the specific provisions of a by-law  adopted  by  the  shareholders,  be  authorized  by  a majority of the votes cast in favor of or against such  action at a meeting of shareholders by the holders of shares entitled to  vote thereon.  Except  as  otherwise  provided  in  the  certificate  of  incorporation  or  the  specific  provision  of  a by-law adopted by the  shareholders, an abstention shall not constitute a vote cast.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Bsc > Article-6 > 614

§ 614. Vote of shareholders.    (a) Directors  shall,  except as otherwise required by this chapter or  by the by-laws or certificate of  incorporation  as  permitted  by  this  chapter,  be  elected  by  a plurality of the votes cast at a meeting of  shareholders by the holders of shares entitled to vote in the election.    (b)  Whenever  any  corporate  action,  other  than  the  election  of  directors,   is   to  be  taken  under  this  chapter  by  vote  of  the  shareholders, it shall, except as otherwise required by this chapter  or  by  the  certificate of incorporation as permitted by this chapter or by  the specific provisions of a by-law  adopted  by  the  shareholders,  be  authorized  by  a majority of the votes cast in favor of or against such  action at a meeting of shareholders by the holders of shares entitled to  vote thereon.  Except  as  otherwise  provided  in  the  certificate  of  incorporation  or  the  specific  provision  of  a by-law adopted by the  shareholders, an abstention shall not constitute a vote cast.