In a statutory voting system, what is true about Jon's voting rights in Bayside Fishing Company?

In a statutory voting system, shareholders have the ability to cast one vote per share for each director to be elected. If Jon has a certain number of shares, he can distribute his votes accordingly across open seats. For example, if there are two open seats and he has shares that give him votes, he can allocate his votes up to the number of seats available. This means that if Jon has 200 votes and there are two open seats, he can choose to cast up to 100 votes for each seat or distribute them differently, but the maximum for each seat is constrained by the number of shares he holds and the number of directors to be elected.

This system ensures that shareholders can influence the outcome of elections without the complexities of cumulative voting, where they might pool all votes for one candidate. Hence, the statement that Jon can cast up to 100 votes for each open seat is true and reflects how the statutory voting mechanism operates.