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RSA 293-A:7.28 · Voting for Directors; Cumulative Voting
293-A:7.28 Voting for Directors; Cumulative Voting. –
Copy linkUnless 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.
Copy linkShareholders do not have a right to cumulate their votes for directors unless the articles of incorporation so provide.
Copy linkA statement included in the articles of incorporation that "all or a designated voting group of shareholders are 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 2 or more candidates.
Copy linkShares otherwise entitled to vote cumulatively may not be voted cumulatively at a particular meeting unless:
Copy linkthe meeting notice or proxy statement accompanying the notice states conspicuously that cumulative voting is authorized; or
Copy linka shareholder who has the right to cumulate his votes gives notice to the corporation not less than 48 hours before the time set for the meeting of the shareholder's intent to cumulate votes during the meeting, and if one shareholder gives this notice all other shareholders in the same voting group participating in the election are entitled to cumulate their votes without giving further notice. Source. 2013, 142:1, eff. Jan. 1, 2014. Subchapter
Copy linkSource note
Source. 2013, 142:1, eff. Jan. 1, 2014. Subchapter C. Voting Trusts and Agreements
Source history
- 2013, 142:1, eff. Jan. 1, 2014. Subchapter C. Voting Trusts and Agreements
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2026 HB1629-FN
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2026 HB54
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2026 HB54-FN
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2026 SB479
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2026 SB479-FN
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2026 SB651-FN-A
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