District Of Columbia § 29-308.04 - Voting on amendments by voting groups.
Full text of District Of Columbia D.C. Code § 29-308.04 — Voting on amendments by voting groups., with citation guidance and answers to common questions.
§ 29-308.04. Voting on amendments by voting groups.
29-308.04If a corporation has more than one class of shares outstanding, the holders of the outstanding shares of a class shall be entitled to vote as a separate voting group, if shareholder voting is otherwise required by this chapter, on a proposed amendment to the articles of incorporation if the amendment would:
Effect an exchange or reclassification of all or part of the shares of the class into shares of another class;
Effect an exchange or reclassification, or create the right of exchange, of all or part of the shares of another class into shares of the class;
Change the rights, preferences, or limitations of all or part of the shares of the class;
Change the shares of all or part of the class into a different number of shares of the same class;
Create a new class of shares having rights or preferences with respect to distributions or to dissolution that are prior or superior to the shares of the class;
Increase the rights, preferences, or number of authorized shares of any class that, after giving effect to the amendment, have rights or preferences with respect to distributions or to dissolution that are prior or superior to the shares of the class;
Limit or deny an existing preemptive right of all or part of the shares of the class; or
Cancel or otherwise affect rights to distributions that have accumulated but not yet been authorized on all or part of the shares of the class.
If a proposed amendment would affect a series of a class of shares in one or more of the ways described in subsection (a) of this section, the holders of shares of that series shall be entitled to vote as a separate voting group on the proposed amendment.
If a proposed amendment that entitles the holders of 2 or more classes or series of shares to vote as separate voting groups under this section would affect those 2 or more classes or series in the same or a substantially similar way, the holders of shares of all the classes or series so affected shall vote together as a single voting group on the proposed amendment, unless otherwise provided in the articles of incorporation or required by the board of directors.
A class or series of shares shall be entitled to the voting rights granted by this section although the articles of incorporation provide that the shares are nonvoting shares.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-308.04
What does D.C. Code § 29-308.04 cover?
Section 29-308.04 ("Voting on amendments by voting groups.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 29-308.04?
A common citation format is "D.C. Code § 29-308.04" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 29-308.04 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.