Nevada § 78.360 - Cumulative voting

§ 78.360. Cumulative voting

1. The articles of incorporation of any corporation may provide that at all elections

of directors of the corporation each holder of stock possessing voting power is entitled

to as many votes as equal the number of his or her shares of stock multiplied by the

number of directors to be elected, and that the holder of stock may cast all of his

or her votes for a single director or may distribute them among the number to be voted

for or any two or more of them, as the holder of stock may see fit. To exercise the right of cumulative voting, one or more of the stockholders requesting

cumulative voting must give written notice to the president or secretary of the corporation

that the stockholder desires that the voting for the election of directors be cumulative. 2. The notice must be delivered not less than 48 hours before the time fixed for holding

the meeting, if notice of the meeting has been delivered at least 10 days before the

date of the meeting, and otherwise not less than 24 hours before the meeting. At the meeting, before the commencement of voting for the election of directors,

an announcement of the delivery of the notice must be made by the chair or the secretary

of the meeting or by or on behalf of the stockholder delivering the notice. Notice to stockholders of the requirement of this subsection must be contained in

the notice calling the meeting or in the proxy material accompanying the notice.