181.0721 HistoryHistory: 1997 a. 79.
181.0722181.0722Quorum requirements.
181.0722(1)(1)In general. Unless this chapter, the articles of incorporation, or bylaws provide for a higher or lower quorum, 10 percent of the votes entitled to be cast on a matter must be represented at a meeting of members to constitute a quorum on that matter.
181.0722(2)(2)Bylaw amendment to decrease quorum requirements. A bylaw amendment to decrease the quorum for any member action may be approved by the members or, unless prohibited by the bylaws, by the board.
181.0722(3)(3)Bylaw amendment to increase quorum requirements. A bylaw amendment to increase the quorum required for any member action must be approved by the members.
181.0722(4)(4)Quorum to take up additional matters. The only matters that may be voted upon at an annual or regular meeting of members are those matters that are described in the meeting notice, unless at least one of the following conditions is met:
181.0722(4)(a)(a) One-third or more of the voting power of the membership is present in person or by proxy.
181.0722(4)(b)(b) The meeting notice contains a general statement that matters other than those specifically described in the notice may be considered at the meeting.
181.0722 HistoryHistory: 1997 a. 79.
181.0723181.0723Voting requirements.
181.0723(1)(1)In general. A majority of the votes entitled to be cast by the members present in person or represented by proxy at a meeting at which a quorum is present shall be necessary for the adoption of any matter voted upon by the members, unless a greater proportion is required by this chapter, the articles of incorporation or the bylaws.
181.0723(2)(2)Amendment to change voting requirements. A bylaw amendment to increase or decrease the vote required for any member action must be approved by the members.
181.0723(3)(3)Votes by corporations and limited liability companies. A corporate member’s vote may be cast by the president of the member corporation, or by any other officer or proxy appointed by the president of such corporation, in the absence of express notice of the designation of some other person by the board of directors or bylaws of the member corporation. A limited liability company member’s vote may be cast by a manager of the member limited liability company.
181.0723 HistoryHistory: 1997 a. 79.
181.0724181.0724Proxies.
181.0724(1)(1)Right to vote by proxy. Unless the articles of incorporation or bylaws prohibit or limit proxy voting, a member may appoint a proxy to vote or otherwise act for the member by signing an appointment form either personally or by an attorney-in-fact.
181.0724(2)(2)When effective. An appointment of a proxy is effective when received by the secretary or other officer or agent authorized to tabulate votes. An appointment is valid for 11 months unless a different period is expressly provided in the appointment form.
181.0724(3)(3)Effect of death or incapacity. The death or incapacity of the member appointing a proxy does not affect the right of the corporation to accept the proxy’s authority unless notice of the death or incapacity is received by the secretary or other officer or agent authorized to tabulate votes before the proxy exercises authority under the appointment.
181.0724(4)(4)Revocability. An appointment of a proxy is revocable by the member unless the appointment form conspicuously states that it is irrevocable.
181.0724(5)(5)Methods of revocation. Appointment of a proxy is revoked by the person appointing the proxy in any of the following ways:
181.0724(5)(a)(a) Attending any meeting and voting in person.
181.0724(5)(b)(b) Signing and delivering to the secretary or other officer or agent authorized to tabulate proxy votes either a writing stating that the appointment of the proxy is revoked or a subsequent appointment form.
181.0724(6)(6)Acceptance by corporation. Subject to s. 181.0727 and any express limitation on the proxy’s authority appearing on the face of the appointment form, a corporation is entitled to accept the proxy’s vote or other action as that of the member making the appointment.
181.0724 HistoryHistory: 1997 a. 79.
181.0725181.0725Cumulative voting for directors.
181.0725(1)(1)In general. If the articles of incorporation or bylaws provide for cumulative voting by members, members may so vote, by multiplying the number of votes the members are entitled to cast by the number of directors for whom they are entitled to vote, and cast the product for a single candidate or distribute the product among 2 or more candidates.
181.0725(2)(2)When not authorized. Cumulative voting is not authorized at a particular meeting unless any of the following occurs:
181.0725(2)(a)(a) The meeting notice or statement accompanying the notice states that cumulative voting will take place.
181.0725(2)(b)(b) A member gives notice during the meeting and before the vote is taken of the member’s intent to cumulate votes, and if one member gives this notice all other members participating in the election are entitled to cumulate their votes without giving further notice.