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Business Organizations Keyed to Macey
Humphrys v. Winous Co.
Citation:
133 N.E.2d 780 (1956)Facts
Section 1701.65, Revised Code, provides that the articles of the code of regulations may provide for the term of office of all of the directors of each class, provided that no term shall be fixed for a period of more than three years from the date of their election. Section 1701.58, Revised Code provides that any shareholder may cumulate such voting power as he possesses and give one candidate as many votes as the number of directors multiplied by the number of his votes equals and that such right to vote cumulatively shall not be restricted by the articles of the code of regulations. The parties disagree over whether Section 1701.64 restricts the right to vote cumulatively as specifically guaranteed by Section 1701.57
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