noncumulative voting

noncumulative voting
Also called "straight voting", such voting rights limit a shareholder to voting no more than the number of shares he owns for a single candidate. In noncumulative voting, a majority shareholder will elect the entire board of directors

Black's law dictionary. . 1990.

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  • noncumulative voting — Also called straight voting , such voting rights limit a shareholder to voting no more than the number of shares he owns for a single candidate. In noncumulative voting, a majority shareholder will elect the entire board of directors Compare… …   Black's law dictionary

  • voting stock rights — The stockholder s right to vote his stock in the affairs of his company. Most common shares have one vote each. Preferred stock usually has the right to vote when preferred dividends are in default for a specified period. The right to vote may be …   Black's law dictionary

  • cumulative voting — Type of voting in which a stockholder may cast as many votes for directors as he has shares of stock multiplied by the number of directors to be elected. The stockholder may cast all his votes for one or more but fewer than all the directors on… …   Black's law dictionary

  • cumulative voting — Type of voting in which a stockholder may cast as many votes for directors as he has shares of stock multiplied by the number of directors to be elected. The stockholder may cast all his votes for one or more but fewer than all the directors on… …   Black's law dictionary

  • vote — Suffrage; the expression of one s will, preference, or choice, formally manifested by a member of a legislative or deliberative body, or of a constituency or a body of qualified electors, in regard to the decision to be made by the body as a… …   Black's law dictionary

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  • stock — The goods and wares of a merchant or tradesman, kept for sale and traffic. In a larger sense, the capital of a merchant or other person, including his merchandise, money, and credits, or, in other words, the entire property employed in business.… …   Black's law dictionary

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  • business organization — Introduction       an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation.       Business enterprises… …   Universalium

  • Monthly income preferred stock — This article is about the financial instrument. For other uses, see MIPS. Monthly income preferred stock or MIPS is a hybrid security created by Eli Jacobson[1], a Sullivan Cromwell tax partner, and introduced to the market by Goldman Sachs in… …   Wikipedia

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