Title 14, Chapter 3, Section 1004
( 14-3-1004)
If the articles or bylaws provide for voting by classes of members,
then unless the articles or bylaws provide otherwise: (1) The members of a class are entitled to vote as a class on a
proposed amendment to the articles if the amendment would change
the rights of that class as to voting in a different manner than
such amendment would affect another class or members of another
class; (2) If a class is to be divided into two or more classes as a
result of an amendment to the articles, the amendment must be
approved by the members of each class that would be created by the
amendment; and (3) If a class vote is required to approve an amendment to the
articles, the amendment must be approved by the members of the
class by two-thirds of the votes cast by the class or a majority
of the voting power of the class, whichever is less. |