Noncumulative Voting Law and Legal Definition
Noncumulative voting is a corporate voting system in which a shareholder can only vote up to the number of shares s/he owns for a single candidate during the board elections. The result is that a majority shareholder will elect the entire board of directors.
Legal Definition list
- Noncumulative Preferred Stock
- Noncumulative Perpetual Preferred Stock
- Noncourt Receiver
- Nonconvertible Foreign Currency [Internal Revenue]
- Nonconvertible Debt
- Noncumulative Voting
- Noncustodial Parent
- Nondegradation Standard
- Nondelegation Doctrine
- Nondemocratic Country or Democratic Transition Country
- Nondepository Institution
