Cumulative Voting in United States
Cumulative Voting Definition
That by which the voter concentrates his ballots on one or more candidates, instead of voting for the full number to be elected. Thus, a stockholder holding fifty shares may, under such a system, if five directors are to be chosen, cast two hundred and fifty votes for one, or one hundred and twenty-five for each of two, instead of voting fifty votes for each of five.
Cumulative Voting in Foreign Legal Encyclopedias
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Cumulative Voting | Cumulative Voting in the World Legal Encyclopedia. |
Cumulative Voting | Cumulative Voting in the European Legal Encyclopedia. |
Cumulative Voting | Cumulative Voting in the Asian Legal Encyclopedia. |
Cumulative Voting | Cumulative Voting in the UK Legal Encyclopedia. |
Cumulative Voting | Cumulative Voting in the Australian Legal Encyclopedia. |
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Cumulative Voting | Cumulative Voting in the Family Law Portal of the American Encyclopedia of Law. |
Cumulative Voting | Cumulative Voting in the IP Portal of the American Encyclopedia of Law. |
Cumulative Voting | Cumulative Voting in the Commercial Law Portal of the American Encyclopedia of Law. |
Cumulative Voting | Cumulative Voting in the Criminal Law Portal of the American Encyclopedia of Law. |
Cumulative Voting | Cumulative Voting in the Antritrust Portal of the American Encyclopedia of Law. |
Cumulative Voting | Cumulative Voting in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
Cumulative Voting | Cumulative Voting in the Constitutional Law Portal of the American Encyclopedia of Law. |
Cumulative Voting | Cumulative Voting in the Tax Law Portal of the American Encyclopedia of Law. |
Cumulative Voting | Cumulative Voting in the and Finance and Banking Portal of the American Encyclopedia of Law. |
Cumulative Voting | Cumulative Voting in the Employment and Labor Portal of the American Encyclopedia of Law. |
Cumulative Voting | Cumulative Voting in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
Cumulative Voting | Cumulative Voting in the Environmental Law Portal of the American Encyclopedia of Law. |
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Cumulative Voting in the Dictionaries | Cumulative Voting in our legal dictionaries |
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Legal Issue for Attorneys
That by which the voter concentrates his ballots on one or more candidates, instead of voting for the full number to be elected. Thus, a stockholder holding fifty shares may, under such a system, if five directors are to be chosen, cast two hundred and fifty votes for one, or one hundred and twenty-five for each of two, instead of voting fifty votes for each of five.
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Notice
This definition of Cumulative Voting is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.
Practical Information
Note: Some of this information was last updated in 1982
A system of voting for directors of a corporation (in U.S. law) under which each stockholder is entitled to a number of votes equal to the number of shares he or she owns multiplied by the number of directors to be elected. The stockholder may cast all the votes for one candidate cumulate them or distribute the votes among the candidates any way desired. This system enables the minority stockholders to elect one or more of the directors. The right to cumulative voting cannot be claimed unless provided for (1) by statute, (2) by the corporation’s charter or bylaws, or (3) by contract among all the stockholders, provided the agreement is not otherwise illegal.
What is Cumulative Voting?
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Cumulative Voting Explained
References
See Also
- Business Law
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