Search Results for: limited voting

noncumulative voting

A corporate voting system in which a shareholder is limited in board elections to voting no more than the number of shares that he or she owns for a single candidate. • The result is that a majority shareholder will elect the entire board of directors. — Also termed straight voting. [Cases: Corporations 283(2). C.J.S.

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member

member. 1. Parliamentary law. One of the individuals of whom an organization or a deliberative assembly consists, and who enjoys the full rights of participating in the organization — including the rights of making, debating, and voting on motions — except to the extent that the organization reserves those rights to certain classes of membership.

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