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This excerpt taken from the UDRL 8-K filed Aug 9, 2007. Voting. (a)
Unless otherwise provided in the certificate of incorporation and subject to
Delaware Law, each stockholder shall be entitled to one vote for each
outstanding share of capital stock of the Corporation held by such stockholder.
Unless otherwise provided in Delaware Law, the certificate of incorporation or
these bylaws, the affirmative vote of a majority of the shares of capital stock
of the Corporation present, in person or by proxy, at a meeting of stockholders
and entitled to vote on the subject matter shall be the act of the
stockholders.
(b) Each stockholder entitled to vote at a meeting of stockholders or to express consent or dissent to a corporate action in writing without a meeting may authorize another person or persons to act for him by proxy. Every proxy must be executed by the stockholder or his attorney-in-fact. No proxy shall be valid after the expiration of three (3) years from the date thereof unless otherwise provided in the proxy. Every proxy shall be revocable at the pleasure of the stockholder executing it, except as otherwise provided therein and as permitted by law. Except as otherwise provided in the proxy, any proxy holder may appoint in writing a substitute to act in his place. SECTION 2.07 |
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