{"ok":true,"canonical_url":"https://dealroom.so/glossary/supermajority-voting-requirements","api_url":"https://dealroom.so/api/public/glossary/supermajority-voting-requirements","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"supermajority-voting-requirements","term":"Supermajority Voting Requirements","group":"People and paperwork","definition":"A provision in a company's governing documents that requires more than a simple majority vote (e.g., 67% or 75%) for certain key decisions. As a buyer, understand if these exist, as they can complicate future strategic changes or major asset sales.","what_it_means":"These requirements can be found in operating agreements, bylaws, or shareholder agreements. They might apply to actions like selling the business, amending governing documents, or taking on significant debt. Identify if any such requirements would necessitate the seller's cooperation post-closing if they retain any ownership, or if they complicate your ability to make changes.","url":"https://dealroom.so/glossary/supermajority-voting-requirements","official_sources":[],"related":[{"slug":"operating-agreement","term":"Operating Agreement","url":"https://dealroom.so/glossary/operating-agreement"},{"slug":"bylaws","term":"Bylaws","url":"https://dealroom.so/glossary/bylaws"},{"slug":"shareholder-agreements","term":"Shareholder Agreements","url":"https://dealroom.so/glossary/shareholder-agreements"},{"slug":"power-to-control","term":"Power to Control","url":"https://dealroom.so/glossary/power-to-control"}],"related_questions":[{"question":"What are the personal guaranty requirements for owners and affiliates?","url":"https://dealroom.so/sba-7a/questions/what-are-the-personal-guaranty-requirements-for-owners-and-affiliates"},{"question":"Are there any specific training or experience requirements for the business owner?","url":"https://dealroom.so/sba-loans/basics/are-there-any-specific-training-or-experience-requirements-for-the-business-owner"},{"question":"What are the citizenship requirements for an SBA 7(a) loan applicant?","url":"https://dealroom.so/sba-loans/basics/what-are-the-citizenship-requirements-for-an-sba-7-a-loan-applicant"},{"question":"Are there citizenship or residency requirements for SBA 7(a) loan applicants?","url":"https://dealroom.so/sba-loans/basics/are-there-citizenship-or-residency-requirements-for-sba-7-a-loan-applicants"},{"question":"What are the specific requirements for a lender to demonstrate adherence to","url":"https://dealroom.so/for-lenders/questions/what-are-the-specific-requirements-for-a-lender-to-demonstrate-adherence-to"},{"question":"What are the general collateral requirements for an SBA 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/what-are-the-general-collateral-requirements-for-an-sba-7-a-loan"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Supermajority Voting Requirements","url":"https://dealroom.so/glossary/supermajority-voting-requirements","source_type":"DealRoom Data"}}