RSA 293-A:8.63 Shareholders' Action.

(a) Shareholders' action respecting a director's conflicting interest transaction is effective for purposes of RSA 293-A:8.61(b)(2) if a majority of the votes cast by the holders of all qualified shares are in favor of the transaction after (1) notice to shareholders describing the action to be taken respecting the transaction; (2) provision to the corporation of the information referred to in subsection (b); and (3) communication to the shareholders entitled to vote on the transaction of the information that is the subject of required disclosure, to the extent the information is not known by them. In the case of shareholders' action at a meeting, the shareholders entitled to vote shall be determined as of the record date for notice of the meeting.
(b) A director who has a con