§ 618. Cumulative voting.
117 words·~1 min read·
/ny/business-corporation/shareholders/618·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 618. Cumulative voting.
The certificate of incorporation of any corporation may provide that
in all elections of directors of such corporation each shareholder shall
be entitled to as many votes as shall equal the number of votes which,
except for such provisions as to cumulative voting, he would be entitled
to cast for the election of directors with respect to his shares
multiplied by the number of directors to be elected, and that he may
cast all of such votes for a single director or may distribute them
among the number to be voted for, or any two or more of them, as he may
see fit, which right, when exercised, shall be termed cumulative voting.