Mr.Scott owns 1,000 shares of Jackson Corporation stock.Jackson is having the election for the board of directors.There are five directors to be elected.Mr.Scott comes to you for advice.Which of the following statements is false?
A) If the voting is cumulative,Mr. Scott may cast a total of 5,000 votes for any one candidate.
B) If the voting is straight rather than cumulative,Mr. Scott may cast up to 1,000 votes for any one candidate.
C) Generally,the articles of incorporation or the bylaws determine if the voting is cumulative.
D) Straight voting gives the best chance for a minority shareholder to elect someone to the board.
Correct Answer:
Verified
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