All elections of directors must be by ballot, and a vote of stockholders representing a majority of the subscribed capital stock shall be necessary to a choice. At all such elections, and at all other elections, and at all meetings of stockholders, each stockholder shall be entitled to one vote for each share of the capital stock owned by him.
History: Laws 1878, ch. 1, ch. [tit.] 3, § 3; C.L. 1884, § 2635; C.L. 1897, § 3817; Code 1915, § 4675; C.S. 1929, § 116-123; 1941 Comp., § 74-114; 1953 Comp., § 69-1-14.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.