Table of Vote Requirement-Corporation Law

Transaction BOD Resolution Ratification of Exercise of Appraisal

stockholders Right
Adoption of By-Laws
Power to invest funds in
another corporation (if
the venture is included Majority
in the purpose)
Power to invest funds in Majority 2/3
another corporation (if
the venture is not
included in the
purpose)
Increase capital stock Majority 2/3 No
Declaration of Stock Majority 2/3
Dividend
Declaration of Cash Majority
Dividend