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

(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.