Common use of Less Than Unanimous Written Consent Clause in Contracts

Less Than Unanimous Written Consent. Any action required or permitted by the Wisconsin Business Corporation Law to be taken at a meeting of the shareholders may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by shareholders of the corporation who would be entitled to vote at a meeting holding shares with voting power to cast not less than the minimum number or, in the case of voting by voting. groups, numbers of votes that would be necessary to authorize or take the action at a meeting at which all shares entitled to vote were present and voted.

Less Than Unanimous Written Consent. Any action required or permitted by the Wisconsin Business Corporation Law to be taken at a meeting of the shareholders may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed by shareholders of the corporation who would be entitled to vote at a meeting holding shares with voting power to cast not less than the minimum number or, in the case of voting by voting. voting groups, numbers of votes that would be necessary to authorize or take the action at a meeting at which all shares entitled to vote were present and voted.