In regard to cumulative voting, it is not guaranteed by RMBCA, but occurs only if the corporation's ________ provides for it.

Question

Quizplus · Accepted Answer

Cumulative voting for directors is a method that allows shareholders to multiply the number of votes they have by the number of director positions available and allocate them among one or more candidates. This method is not guaranteed by the Revised Model Business Corporation Act (RMBCA) but can be implemented if a corporation's articles of incorporation specifically allow for it.

In Regard to Cumulative Voting, It Is Not Guaranteed by RMBCA