Historical Version of Section.
Superseded May 12, 2015.
(1) Unless otherwise provided by the bylaws:
(a) only voting members may vote with respect to any matter required or permitted under this chapter to be submitted to a vote of the members;
(b) all references in this chapter to votes of or voting by the members permit voting only by the voting members; and
(c) voting members may vote with respect to all matters required or permitted under this chapter to be submitted to a vote of the members.
(2) Unless otherwise provided by the articles of incorporation, each member entitled to vote may cast:
(a) one vote on each matter submitted to a vote of members for nonprofit corporations other than those in Subsection (2)(b); and
(b) one vote for each share held by the member on each matter submitted for a vote of members if the nonprofit corporation issues shares to its members.
(3) Unless otherwise provided by the bylaws, if a membership stands of record in the names of two or more persons, the membership's acts with respect to voting have the following effect:
(a) If only one votes, the act binds all of the persons whose membership is jointly held.
(b) If more than one votes, the vote is divided on a pro-rata basis.
Amended by Chapter 315, 2007 General Session