Jump to content
The Official RONR Q & A Forums

Voting question


Guest Ralph
 Share

Recommended Posts

Can you give the entire quote, just to be sure? If it is as you say, and nothing else, then no. But there are several variations that would change it, such as: "a majority vote of the shareholders," a majority of shareholders voting," "the shareholders present share constitute the shareholders for the purpose of admitting new shareholders," or whatever.

Link to comment
Share on other sites

10 hours ago, Greg Goodwiller said:

Can you give the entire quote, just to be sure? If it is as you say, and nothing else, then no. But there are several variations that would change it, such as: "a majority vote of the shareholders," a majority of shareholders voting," "the shareholders present share constitute the shareholders for the purpose of admitting new shareholders," or whatever.

"New shareholders shall  be admitted, upon a vacancy, by a majority vote of all the shareholders"

Link to comment
Share on other sites

27 minutes ago, Guest Ralph said:

"New shareholders shall  be admitted, upon a vacancy, by a majority vote of all the shareholders"

Based on the quoted language, my opinion is that the shareholder was not approved. I interpret that wording as meaning it requires the vote of a majority of all of the shareholders. It is rather awkwardly worded, and it's not the language suggested by RONR when the vote of a majority of all of the members of something is required.

However, since it is not the wording suggested by RONR, it is ultimately a matter of bylaws interpretation and it is up to your organization to interpret its own bylaws. That is something we cannot do for you.

Link to comment
Share on other sites

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...