Article XVI.
Private Corporations

Section 4. Cumulative voting in stockholder elections

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19661874

Cumulative voting in stockholder elections

Summary:

Election Date: November 8, 1966

Votes For Ratification: 1212790

Votes Against Ratification: 636925

Percent for Ratification: 66%

Percent Against Ratification: 34%

Notes:

Amendment Source: 1965 JR 3

Effective Date Source:

19661874

Cumulative voting in stockholder elections

In all elections for directors or managers of a corporation each member or shareholder may cast the whole number of his votes for one candidate, or distribute them upon two or more candidates, as he may prefer.

Summary:

Election Date:

Votes For Ratification:

Votes Against Ratification:

Percent for Ratification: %

Percent Against Ratification: %

Notes:

Amendment Source:

Effective Date Source: