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Corporate Law: Member Voting Rights

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Questions and Answers

How can the right to vote of members be modified?

It cannot be modified

It can only be limited or denied

It can be limited, broadened, or denied (correct)

It can only be broadened or denied

How can a member vote unless otherwise provided in the articles of incorporation or the bylaws?

Only in person

Only by proxy

Neither by proxy nor in person

Either by proxy or in person (correct)

What is the default number of votes per member?

No votes per member

One vote per member (correct)

Three votes per member

Two votes per member

Can membership in a nonstock corporation be transferred?

Only if the articles of incorporation or bylaws allow it Signup and view all the answers

How is membership terminated?

In the manner provided in the articles of incorporation or the bylaws Signup and view all the answers

What happens to a member's rights when their membership is terminated?

They extinguish all their rights Signup and view all the answers

Study Notes

Membership Rights

Members of a corporation have the right to vote, but this right can be limited, broadened, or denied as specified in the articles of incorporation or bylaws.
Unless otherwise specified, each member has one vote, regardless of class.

Voting Methods

Members may vote by proxy, as per the provisions of the Corporate Code.
The bylaws may also authorize voting through remote communication and/or in absentia.

Nontransferability of Membership

Membership in a nonstock corporation is personal and non-transferable, unless otherwise specified in the articles of incorporation or bylaws.
All rights arising from membership are also non-transferable, unless otherwise provided.

Termination of Membership

Membership can be terminated in the manner and for the causes specified in the articles of incorporation or bylaws.
Upon termination, all rights of a member in the corporation or its property are extinguished, unless otherwise provided in the articles of incorporation or bylaws.