17-6504.   Cumulative voting.The articles of incorporation of any corporation may provide that at allelections of directors of the corporation, or at elections held under specifiedcircumstances, each holder of stock or of any class or classes or of a seriesor series thereof shall be entitled to as many votes as shall equal the numberof votes which, except for such provision as to cumulative voting, such holderwould be entitled to cast for the election of directors with respect to suchholder's shares of stock multiplied by the number of directors to be elected bysuch holder, and that such holder may cast all of such votes for a singledirector or may distribute them among the number to be voted for, or for anytwo or more of them as such holder may see fit, provided that this sectionshall not apply to a corporation organized before April 21, 1988, unless thestockholders of such corporation shall amend its articles of incorporationto eliminate the requirements of cumulative voting in force at the time ofits organization.

      History:   L. 1972, ch. 52, § 57;L. 1988, ch. 99, § 1;Revived and amend., L. 1988, ch. 100, § 1;L. 2004, ch. 143, § 29; Jan. 1, 2005.