§ 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
N.Y. Banking Law § 6018
Cumulative voting
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.