Current as of January 01, 2021 | Updated by FindLaw Staff
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(a) Directors shall, except as otherwise required by this chapter or by the by-laws or certificate of incorporation as permitted by this chapter, be elected by a plurality of the votes cast at a meeting of shareholders by the holders of shares entitled to vote in the election.
(b) Whenever any corporate action, other than the election of directors, is to be taken under this chapter by vote of the shareholders, it shall, except as otherwise required by this chapter or by the certificate of incorporation as permitted by this chapter or by the specific provisions of a by-law adopted by the shareholders, be authorized by a majority of the votes cast in favor of or against such action at a meeting of shareholders by the holders of shares entitled to vote thereon. Except as otherwise provided in the certificate of incorporation or the specific provision of a by-law adopted by the shareholders, an abstention shall not constitute a vote cast.
Cite this article: FindLaw.com - New York Consolidated Laws, Business Corporation Law - BSC § 614. Vote of shareholders - last updated January 01, 2021 | https://codes.findlaw.com/ny/business-corporation-law/bsc-sect-614/
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