2004 Minnesota Statutes

     300.24 Cumulative voting. 

    The certificate of incorporation, or an amendment to it, of 
 a corporation may provide that, at all elections of directors or 
 managers, each stockholder or member is entitled to as many 
 votes as equals the number of shares of stock owned multiplied 
 by the number of directors or managers to be elected, and that 
 the stockholder or members may cast all of these votes for a 
 single director or manager, or may distribute them among the 
 number to be voted for, or for any two or more of them.  This 
 right when exercised is termed "cumulative voting."  

    HIST: (7462) RL s 2862; 1984 c 628 art 5 s 1; 1986 c 444