Common use of Required Votes Clause in Contracts

Required Votes. A majority of the votes entitled to vote on a matter represented at a meeting of shareholders at which a quorum is present shall be required to take action on the matter, except for elections of directors which shall require a plurality of votes, unless a different number is required by the articles of incorporation, these bylaws, or by law.

Appears in 2 contracts

Sources: Merger Agreement (Jefferson Pilot Corp), Merger Agreement (Lincoln National Corp)