Voting restriction for unpaid shareholder calls bars voting on shares with unpaid sums or company lien. A company's articles may condition a member's voting eligibility on payment of calls or other sums due and may bar voting on shares for which calls remain ... Summary
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Voting restriction for unpaid shareholder calls bars voting on shares with unpaid sums or company lien.
A company's articles may condition a member's voting eligibility on payment of calls or other sums due and may bar voting on shares for which calls remain unpaid or for which the company has and has exercised a right of lien, tying voting rights to fulfilment of share-related monetary obligations and enforcement of lien rights.
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