Section 13-5-516 - Voting by Shareholders and Members Generally; Balloting for Directors and Managers.

WY Stat § 13-5-516 (2019) (N/A)

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13-5-516. Voting by shareholders and members generally; balloting for directors and managers.

(a) Unless the public trust company's governing documents provide otherwise:

(i) Each share or membership interest entitles the owner to one (1) vote on all elections of directors or managers and all other questions submitted at meetings of shareholders or members. Shareholders or members may vote by proxies executed in writing but no officer, clerk, teller or bookkeeper of the public trust company shall act as proxy. The presence in person or by proxy of the owners of at least fifty-one percent (51%) of the issued and outstanding capital stock or membership interest at any meeting of stockholders or members constitutes a quorum;

(ii) In balloting for directors or managers each qualified shareholder or member may vote the number of shares or amount of membership interest owned by him for as many directors or managers as are to be elected or may cumulate his votes by giving one (1) candidate the number of votes equal to the number of directors or managers to be elected multiplied by the number of his shares or percentage of membership interest and he may distribute his votes cumulatively on the same principle among any number of candidates. The persons having the highest number of votes shall be declared elected as the board of directors or as managers for the ensuing corporate year.

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Section 13-5-515 - Stock or Membership Interest Register; Inspection.

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Section 13-5-517 - Preferred Stock.