Voting Requirements for Members

If a limited cooperative association has both patron and investor members, the following rules apply: CH. 17 THE GUAM UNIFORM LIMITED COOPERATIVE ASSOCIATION ACT

(a)the total voting power of all patron members may not be less than eighty percent (80%) of a majority of the entire voting power entitled to vote.

(b)action on any matter is approved only upon the affirmative vote of at least a majority of:

(1)all members voting at the meeting unless more than a majority is required by Articles 4, 12, 14, or 16, or pursuant to the organic rules; and

(2)votes cast by patron members unless the articles of organization or bylaws require a larger affirmative vote by patron members.

(c)The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.