371.100. Stockholders' meetings--election of directors--voting rights.
Stockholders' meetings--election of directors--voting rights.
371.100. 1. The first annual meeting shall be held on adate fixed by the first board of directors and shall be held assoon as practicable after twenty-five thousand dollars of thecapital stock of the corporation has been paid into its treasury.The first and subsequent annual meetings of stockholders shall becalled as provided in the bylaws of the corporation.
2. At the first annual meeting, and at each annual meetingthereafter, the directors shall be elected by vote of thestockholders. At all meetings, annual or special, ofstockholders for whatever purpose held, stockholders shall haveone vote for each share of stock owned. Stockholders shall havethe right to vote cumulatively in all elections of directors.
(L. 1961 p. 157 § 9, A.L. 1963 p. 478)