Section 180.0726. Action by single and multiple voting groups.

 

(1)  If the articles of incorporation or this chapter provides for voting by a single voting group on a matter, action on that matter is taken when voted upon by the voting group as provided in s. 180.0725 .

(2)  If the articles of incorporation or this chapter provides for voting by 2 or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in s. 180.0725 . Action may be taken by one voting group on a matter even though no action is taken by another voting group entitled to vote on the matter.

(3)  A voting group described in s. 180.0103 (19) (b) constitutes a single voting group for purposes of voting on the matter on which the shares are entitled to vote.

1989 a. 303 .