Wyoming § 13-2-307 Voting by shareholders generally; balloting for
directors

Wyoming Statutes

§ 13-2-307 — Voting by shareholders generally; balloting for directors

Wyoming § 13-2-307

Title 13Banks, Banking and Finance

Ch. 2ORGANIZATION OF BANKS

Art. 3CAPITAL REQUIREMENTS,

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Bluebook

Wyo. Stat. Ann. § 13-2-307 (2026).

Text

(a)Except as otherwise provided by W.S. 13-2-302, each share entitles the owner to one (1) vote on all elections of directors and all other questions submitted at meetings of shareholders. Shareholders may vote by proxies executed in writing but no officer, clerk, teller or bookkeeper of the bank shall act as proxy. The presence in person or by proxy of the owners of at least fifty-one percent (51%) of the issued and outstanding capital stock at any meeting of stockholders constitutes a quorum. No shareholder whose liability to the bank is past due and unpaid shall be allowed to vote.

(b)In balloting for directors each qualified shareholder may vote the number of shares owned by him for as many directors as are to be elected or may cumulate his votes by giving one (1) candidate the numbe

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(a) Except as otherwise provided by W.S. 13-2-302, each
share entitles the owner to one (1) vote on all elections of
directors and all other questions submitted at meetings of
shareholders. Shareholders may vote by proxies executed in
writing but no officer, clerk, teller or bookkeeper of the bank
shall act as proxy. The presence in person or by proxy of the
owners of at least fifty-one percent (51%) of the issued and
outstanding capital stock at any meeting of stockholders
constitutes a quorum. No shareholder whose liability to the bank
is past due and unpaid shall be allowed to vote.
(b) In balloting for directors each qualified shareholder
may vote the number of shares owned by him for as many directors
as are to be elected or may cumulate his votes by giving one (1)
candidate the number of votes equal to the number of directors
to be elected multiplied by the number of his shares and he may
distribute his votes cumulatively on the same principle among
any number of candidates. The persons having the highest number
of votes shall be declared elected as the board of directors for
the ensuing corporate year.