New York § 6018 Cumulative voting

New York Statutes

§ 6018 — Cumulative voting

New York § 6018

Law BNKBanking

Title 6Stockholders

Art. 15General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies

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Bluebook

N.Y. Banking § 6018 (2026).

Text

  § 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

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§ 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