Common use of Acts of Shareholders Clause in Contracts

Acts of Shareholders. Subdivision 1. Except as otherwise required by law or specified in the Articles of Incorporation of the Corporation, the shareholders shall take action by the affirmative vote of the holders of the greater of (a) a majority of the voting power of the shares present and entitled to vote on that item of business or (b) a majority of the voting power of the minimum number of shares entitled to vote that would constitute a quorum for the transaction of business at a duly held meeting of shareholders.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Teleflex Inc), Agreement and Plan of Merger (Vascular Solutions Inc), Agreement and Plan of Merger (Minntech Corp)

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