In Most States, but Not Under the Revised Act, Cumulative

question 84

True/False

In most states, but not under the Revised Act, cumulative voting is permissive and not mandatory.

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Definitions:

Incorporation by Reference

A method where a document includes by reference all or portions of another document, making the referenced material part of the new document.

Extrinsic Documents

Documents that are not part of the original contract but are referenced and incorporated by implication or necessity.

Specification of Heirs

is the process or legal document in which a person designates who will inherit their assets after death.

Nuncupative Will

An orally delivered will, often made in anticipation of imminent death, and usually requiring witnesses, with legal recognition varying by jurisdiction.