13.1-668 - Change in quorum or voting requirements. - Virginia Statutes

§ 13.1-668. Change in quorum or voting requirements.

A. The articles of incorporation may provide for (i) a lesser or greaterquorum requirement for shareholders, but not less than one-third of theshares eligible to vote, or voting groups of shareholders, or (ii) a greatervoting requirement for shareholders, or voting groups of shareholders, thanis provided by this chapter.

B. An amendment to the articles of incorporation that adds, changes, ordeletes a quorum or voting requirement shall meet the quorum requirement andbe adopted by the vote and voting groups required to take action under thequorum and voting requirements then in effect.

(Code 1950, § 13.1-33; 1956, c. 428; 1985, c. 522; 1986, c. 321.)