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Electing Board of Trustees.

1 Answers. Asked on Jul 27th, 2017 on Corporate Law - New York
More details to this question:
My coop allows a shareholder to place all of his shares votes on each of his chosen candidates in effect multiplying his votes by seven. Yhe coop's attorney says it's OK and interprets the by-laws in this way, although there by-laws are not explicit. Is this not in violation of NYS corporation law?
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Answered on Jul 28th, 2017 at 1:53 PM

It is not a violation, and I have seen elections done this way.  If it is in the bylaws it is allowed.  But, if the bylaws say something else, you may have a case.

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