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LSDefine

Simple English definitions for legal terms

noncumulative voting

Read a random definition: utlagation

A quick definition of noncumulative voting:

Noncumulative voting is a way of voting where each shareholder can only vote for one candidate in a board election, even if they own multiple shares. This means that the majority shareholder will have more power to elect the entire board of directors. It is also called straight voting.

A more thorough explanation:

Definition: Noncumulative voting is a corporate voting system where a shareholder can only vote for one candidate in a board election, and the number of votes they can cast is limited to the number of shares they own.

Example: If a shareholder owns 100 shares in a company, they can only vote for one candidate in a board election, even if there are multiple seats available. This means that a majority shareholder can elect the entire board of directors.

This example illustrates how noncumulative voting can give more power to majority shareholders and limit the influence of minority shareholders in corporate decision-making.

noncumulative stock | noncustodial

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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