New York Statutes

§ 6018 — Cumulative voting

New York·Law BNK Banking·Title 6 Stockholders·Art. 15 General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
§ 6018. Cumulative voting. The organization certificate of any\ncorporation may provide that in all elections of directors of such\ncorporation each stockholder shall be entitled to as many votes as shall\nequal the number of votes which, except for such provisions as to\ncumulative voting, he would be entitled to cast for the election of\ndirectors with respect to his shares multiplied by the number of\ndirectors to be elected, and that he may cast all of such votes for a\nsingle director or may distribute them among the number to be voted for,\nor any two or more of them, as he may see fit, which right, when\nexercised, shall be termed cumulative voting.\n

Free access — add to your briefcase to read the full text and ask questions with AI

New York § 6018 (Cumulative voting) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗