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Re: Shareholder in good standing?Jun 07, 2010


A shareholder cannot have his right to vote removed under any circumstances.
Your bylaws should have some sort of general guidelines on who is eligible to run for election.
In Good Standing would mean that the shareholder does not owe the corporation any money. ( that's zero $0)

If you feel that your bylaws have too many loopholes, you can amend them with a majority vote.
For example, a clause requiring a shareholder to reside in the building to be eligible.

Join the Conversation Comments (2)
Not vote, but run for office - Harvey Jun 07, 2010


In no way challenging right to vote, but rather asking about good standing and running for office if in arears, if lawsuit outstanding, etc.
....
So challenging voting rights are off the table...
...
But, can ya review and perhaps embellish your response....thanks?

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SaL - Building Issue Jun 08, 2010


You are correct.

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