Common use of Informal Action by Stockholders Clause in Contracts

Informal Action by Stockholders. Any action required or permitted to be taken at a meeting of the stockholders may be taken without meeting if a written consent thereto is signed by the stockholders holding at least a majority of the voting power, except that if a different proportion of voting power is required for such an action at a meeting, then that proportion of written consent is required; provided however, that written notice of any action so taken must be promptly given to all stockholders

Informal Action by Stockholders. Any Unless otherwise provided by law, any action required or permitted to be taken at a meeting of the stockholders shareholders, or any other action which may be taken at a meeting of the shareholders, may be taken without a meeting if a written consent thereto is in writing, setting forth the action so taken, shall be signed by the stockholders holding at least a majority all of the voting power, except that if a different proportion of voting power is required for such an action at a meeting, then that proportion of written consent is required; provided however, that written notice of any action so taken must be promptly given shareholders entitled to all stockholdersvote with respect to the subject matter thereof.