Unless otherwise provided in the articles of incorporation, directors are elected by a plurality of the votes cast by the shares entitled to vote in the election at a meeting at which a quorum is present.
For corporations incorporated before July 1, 2002, shareholders shall have a right to cumulate their votes for directors unless the articles of incorporation provide otherwise. For corporations incorporated on or after July 1, 2002, shareholders do not have a right to cumulate their votes for directors unless the articles of incorporation provide otherwise.
A statement included in the articles of incorporation that "a designated voting group of shareholders is entitled to cumulate their votes for directors," or words of similar import, means that the shareholders designated are entitled to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote and cast the product for a single candidate or distribute the product among two (2) or more candidates.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 4 - Mississippi Business Corporation Act
§ 79-4-7.20. Shareholders' list for meeting
§ 79-4-7.21. Voting entitlement of shares
§ 79-4-7.23. Shares held by nominees
§ 79-4-7.24. Corporation's acceptance of votes
§ 79-4-7.25. Quorum and voting requirements for voting groups
§ 79-4-7.26. Action by single and multiple voting groups
§ 79-4-7.27. Greater quorum or voting requirements
§ 79-4-7.28. Voting for directors; cumulative voting
§ 79-4-7.29. Appointment of election inspectors; duties of inspectors