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New York · Through 2026-09-11

N.Y. Banking Law § 6017: Voting by class or classes of shares

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Where this section sits in the code
  1. Banking Law
  2. Article 15. General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
  3. Title 6. Stockholders

§ 6017. Voting by class or classes of shares. 1. The organization

certificate may contain provisions specifying that any class or classes

of shares or of any series thereof shall vote as a class in connection

with the transaction of any business or of any specified item of

business at a meeting of stockholders, including amendments to the

organization certificate.

2. Where voting as a class is provided in the organization

certificate, it shall be by the proportionate vote so provided or, if no

proportionate vote is provided, in the election of directors, by a

plurality of the votes cast at such meeting by the holders of shares of

such class entitled to vote in the election, or for any other corporate

action, by a majority of the votes cast at such meeting by the holders

of shares of such class entitled to vote thereon.

3. Such voting by class shall be in addition to any other vote,

including vote by class, required by this chapter and by the

organization certificate as permitted by this article.

Collected 2026-09-14T19:32:44Z. Source file · JSON

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