17-6504. Cumulative voting. The articles of incorporation of any corporation may provide that at all elections of directors of the corporation, or at elections held under specified circumstances, each holder of stock or of any class or classes or of a series or series thereof shall be entitled to as many votes as shall equal the number of votes which, except for such provision as to cumulative voting, such holder would be entitled to cast for the election of directors with respect to such holder's shares of stock multiplied by the number of directors to be elected by such holder, and that such holder may cast all of such votes for a single director or may distribute them among the number to be voted for, or for any two or more of them as such holder may see fit, provided that this section shall not apply to a corporation organized before April 21, 1988, unless the stockholders of such corporation shall amend its articles of incorporation to eliminate the requirements of cumulative voting in force at the time of its organization.
History: L. 1972, ch. 52, § 57; L. 1988, ch. 99, § 1; Revived and amend., L. 1988, ch. 100, § 1; L. 2004, ch. 143, § 29; January 1, 2005.
Structure Kansas Statutes
Article 65 - Meetings, Elections, Voting And Notices
17-6502 Voting rights of stockholders; proxies, limitations.
17-6503 Establishment of record date for determining stockholders of record.
17-6506 Quorum; votes necessary to transact business.
17-6507 Voting rights of fiduciaries, pledgors and joint owners of stock.
17-6508 Voting trusts and other voting agreements.
17-6511 Rights of holders of bonds, debentures and other obligations of corporation.
17-6512 Notice of meetings and adjourned meetings.
17-6513 Vacancies and newly created directorships.
17-6517 Powers of district court in certain proceedings; punishment for disobedience of orders.
17-6520 Exceptions to notice requirements.
17-6521 Inspectors at meetings; powers and duties.
17-6522 Notice to shareholders; consent to electronic transmission.
17-6523 Notice to stockholders sharing an address, effect; objection; limitations.