N.Y. BNK Law § 6018
This is the official text of N.Y. BNK Law § 6018, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.
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Cumulative voting
Official statutory 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
Status: in_force · Read it on the official government site
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