32-4-301. Powers of stockholders. (1) The stockholders of the corporation shall have the following powers of the corporation:
     (a) to determine the number of and elect directors as provided in 32-4-206;
     (b) to make, amend, and repeal bylaws;
     (c) to amend the articles of incorporation as provided in 32-4-205;
     (d) to exercise such other of the powers of the corporation as may be conferred on the stockholders by the bylaws.
     (2) As to all matters requiring action by the stockholders of the corporation, and except as otherwise herein provided, such matters shall require the affirmative vote of a majority of the votes to which the stockholders present or represented at the meeting shall be entitled.
     (3) Each stockholder shall have one vote, in person or by proxy, for each share of capital stock held by him.

     History: En. Sec. 7, Ch. 128, L. 1969; R.C.M. 1947, 15-2607; amd. Sec. 4, Ch. 91, L. 1987.