Current through the 2024 Legislative Session
Section 421J-3.2 - Cumulative voting for directors(a) If the association documents provide for cumulative voting by members, members may so vote, by multiplying the number of votes the members are entitled to cast by the number of positions for whom they are entitled to vote, and cast the product for a single candidate or distribute the product among two or more candidates. The candidates receiving the highest number of votes under this section, up to the total number of positions to be filled, shall be deemed elected, and shall be given the longest term.(b) Unless otherwise provided in the association documents, cumulative voting shall not be permitted.(c) A director elected by cumulative voting may be removed by the members with or without cause if the requirements of section 421J-3.3 are met.Added by L 2022, c 69,§ 1, eff. 1/1/2023.