Common use of Quorum; Adjourned Meetings Clause in Contracts

Quorum; Adjourned Meetings. (a) Unless the Articles of Incorporation provide for a different proportion, stockholders holding at least a majority of the voting power of the corporation's stock, represented in person or by proxy, are necessary to constitute a quorum for the transaction of business at any meeting. If, on any issue, voting by classes is required by the laws of the State of Nevada, the Articles of Incorporation or these Bylaws, at least a majority of the voting power within each such class is necessary to constitute a quorum of each such class.

Appears in 6 contracts

Samples: Form of Distribution Agreement (LTC Healthcare Inc), Distribution Agreement (LTC Healthcare Inc), Form of Distribution Agreement (LTC Healthcare Inc)

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Quorum; Adjourned Meetings. (a) Unless the Articles of Incorporation provide for a different proportion, stockholders shareholders holding at least a majority of the voting power of the corporationCorporation's stockstock issued and outstanding and entitled to vote, represented in person or by proxy, are necessary to constitute a quorum for the transaction of business at any meeting. If, on any issue, voting by classes is required by the laws of the State of Nevada, the Articles of Incorporation or these Bylaws, at least a majority of the voting power within each such class is necessary to constitute a quorum of each such class.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Texoil Inc /Nv/)

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