Guam § 28713 - Quorum and Voting Requirements for Voting Groups.

§ 28713. Quorum and Voting Requirements for Voting Groups.

(a) Shares entitled to vote as a separate voting group may take action on

a matter at a meeting only if a quorum of those shares exists with respect to

that matter. Unless the articles of incorporation or this Act provide

otherwise, a majority of the votes entitled to be cast on the matter by the

voting group constitutes a quorum of that voting group for action on that

matter.

(b) Once a share is represented for any purpose at a meeting, it is

deemed present for quorum purposes for the remainder of the meeting and

for any adjournment of that meeting unless a new record date is or must be

set for that adjourned meeting.

(c) If a quorum exists, action on a matter (other than the election of

directors) by a voting group is approved if the votes cast within the voting

group favoring the action exceed the votes cast opposing the action, unless

the articles of incorporation or this Act require a greater number of

affirmative votes.

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(d) An amendment of articles of incorporation adding, changing, or

deleting a quorum or voting requirement for a voting group greater than

specified in subsection (a) or (c) is governed by § 28715.

(e) The election of directors is governed by § 28716.