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N.Y. Bus. Corp. Law § 618

Cumulative voting

2014-09-22

§ 618. Cumulative voting.\n The certificate of incorporation of any corporation may provide that\nin all elections of directors of such corporation each shareholder shall\nbe entitled to as many votes as shall equal the number of votes which,\nexcept for such provisions as to cumulative voting, he would be entitled\nto cast for the election of directors with respect to his shares\nmultiplied by the number of directors to be elected, and that he may\ncast all of such votes for a single director or may distribute them\namong the number to be voted for, or any two or more of them, as he may\nsee fit, which right, when exercised, shall be termed cumulative voting.\n

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.