MAJORITY VOTE
Amendment of Articles of
Incorporation
Election of directors or
trustees
Removal of directors or
trustees
Vacancies in the office of
director or trustee
Compensation of directors
Ratification of Contracts or
Dealings of directors, trustees
or officers with the
corporation
(generally it is voidable)
Power to extend or shorten
corporate term
Power to increase or decrease
capital stock;
incur, create or increase
bonded indebtedness
Sale or other disposition of
assets
Power to invest corporate
funds in another corporation
or business or for any other
purpose
Declare of Stock Dividends
Power to enter into
management contract
2/3 VOTE
majority vote of the board of
directors or trustees and;
a majority of the members
entitled to vote
may be filled by the vote of at
least a majority of the remaining
directors or trustees
by the vote of the stockholders
representing at least a majority of
the outstanding capital stock at a
regular or special stockholders'
meeting
when approved by a majority
vote of the board of directors or
trustees, and;
approved by a majority vote of
the board of directors, and;
by a majority vote of its board of
directors or trustees
when approved by a majority of
the board of directors or trustees,
and;
Approval of the majority of the
members of the Board
approved by the board of
directors and by stockholders
owning at least the majority of the
outstanding capital stock, or by at
least a majority of the members
in the case of a non-stock
corporation
vote of the stockholders
representing at least (2/3) of the
outstanding capital stock
vote of the stockholders holding
or representing at least (2/3) of
the outstanding capital stock
but may be ratified by the vote of
the stockholders representing at
least (2/3) of the outstanding
capital stock or of at least (2/3) of
the members in a meeting called
for the purpose
ratified by the stockholders
representing at least (2/3) of the
outstanding capital stock or by at
least (2/3) of the members in
case of non-stock corporations
(2/3) of the outstanding capital
stock shall favor the increase or
diminution of the capital stock, or
the incurring, creating or
increasing of any bonded
indebtedness
when authorized by the vote of
the stockholders representing at
least (2/3) of the outstanding
capital stock, or in case of non-
stock corporation, by the vote of
at least (2/3) of the members
ratified by the stockholders
representing at least (2/3) of the
outstanding capital stock, or by at
least (2/3) of the members in the
case of non-stock corporations
approval of stockholders
representing not less than (2/3)
of the outstanding capital stock
Adoption of by-laws
Amendments of by-laws
Merger and consolidation
Plan of Distribution of assets
Amendment of articles of
incorporation
(Close Corporation)
Voluntary dissolution
Election of directors or
trustees
vote of the stockholders
representing at least a majority of
the outstanding capital stock, or
of at least a majority of the
members in case of non-stock
corporations
A majority vote of the board of
directors or trustees, and the
owners of at least a majority of
the outstanding capital stock, or
at least a majority of the
members of a non-stock
corporation, may amend or
repeal any by-laws or adopt new
by-laws
Upon approval by majority vote
of each of the board of directors
or trustees of corporations of the
plan of merger or consolidation,
by majority vote of board of
trustees.
may be effected by majority vote
of the board of directors or
trustees, and;
the owners of a majority of the
outstanding capital stock, or if
there be no capital stock, a
majority of the members
entitled to vote.
The owners of (2/3) of the
outstanding capital stock or
(2/3) of the members in a non-
stock corporation may delegate
to the board of directors or
trustees the power to amend or
repeal any by-laws or adopt new
by-laws
the affirmative vote of
stockholders representing at
least (2/3) of the outstanding
capital stock of each corporation
in the case of stock corporations
or at least (2/3) of the members
in the case of non-stock
corporations shall be necessary
for the approval of such plan
Such plan of distribution shall be
adopted upon approval of at least
(2/3) of the members having
voting rights present.
vote of at least (2/3) of the
outstanding capital stock,
whether with or without voting
right
by a resolution duly adopted by
the affirmative vote of the
stockholders owning at least
(2/3) of the outstanding capital
stock or of at least (2/3) of the
members