15 Pa.C.S. § 1729
This is the official text of 15 Pa.C.S. § 1729, part of Pennsylvania’s Pa.C.S — part of the compiled statutory law of Pennsylvania, published by the state as "Pa.C.S." Browse the sections below, each linked to its official government source.
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Voting rights of directors.
Official statutory text
(a) General rule.--Unless otherwise provided in a bylaw adopted by the shareholders, every director of a business corporation shall be entitled to one vote.
(b) Multiple and fractional voting.--Any requirement of this subpart for the presence of or vote or other action by a specified percentage of directors shall be satisfied by the presence of or vote or other action by directors entitled to cast the specified percentage of the votes that all voting directors in office are entitled to cast.
(c) Cross reference.--See section 2526 (relating to voting rights of directors). (June 22, 2001, P.L.418, No.34, eff. 60 days) 2001 Amendment. Act 34 added subsec. (c). Cross References. Section 1729 is referred to in section 1504 of this title.
(b) Multiple and fractional voting.--Any requirement of this subpart for the presence of or vote or other action by a specified percentage of directors shall be satisfied by the presence of or vote or other action by directors entitled to cast the specified percentage of the votes that all voting directors in office are entitled to cast.
(c) Cross reference.--See section 2526 (relating to voting rights of directors). (June 22, 2001, P.L.418, No.34, eff. 60 days) 2001 Amendment. Act 34 added subsec. (c). Cross References. Section 1729 is referred to in section 1504 of this title.
Status: in_force · Read it on the official government site
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