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Current as of January 01, 2022 | Updated by FindLaw Staff
The articles or bylaws may provide:
(1) For election of directors and other officials by unit or district;
(2) For voting by stockholders or members on the basis of one vote per stockholder or member, or one vote per dwelling unit rather than one vote per share or certificate;
(3) That any action required or permitted to be taken at a meeting of stockholders or members may be taken by mail ballot;
(4) For a method of membership representation of stockholders or members at meetings by delegates from units or districts; provided, that delegates must be proportional to the number of stockholders or members in each unit district;
(5) For redemption or recall of stock;
(6) For termination of membership rights and privileges of a stockholder;
(7) Standards for eligibility to become a stockholder or member;
(8) For the allocation of its net savings among the uses permitted in § 7-6.1-11.
Cite this article: FindLaw.com - Rhode Island General Laws Title 7. Corporations, Associations, and Partnerships § 7-6.1-10. Articles or bylaws - last updated January 01, 2022 | https://codes.findlaw.com/ri/title-7-corporations-associations-and-partnerships/ri-gen-laws-sect-7-6-1-10/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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