79-25-5 - Voting requirements. - Mississippi Statutes

§ 79-25-5. Voting requirements.
 

In addition to any vote otherwise required by law, by the certificate of incorporation of the corporation, or by the bylaws of the corporation, a business combination shall be approved by the affirmative vote of at least: 
 

(a) Eighty percent (80%) of the votes entitled to be cast by outstanding shares of voting stock of the corporation, voting together as a single class; and 

(b) Two-thirds (2/3) of the votes entitled to be cast by holders of voting stock other than voting stock held by the interested shareholder who is (or whose affiliate or associate is) a party to the business combination or an affiliate or associate of the interested shareholder, voting together as a single class. 
 

Sources: Laws,  1985, ch. 449, § 2(2), eff from and after July 1, 1985.