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Which best describes voting rights under Section 21 of KCS Act, for institutional members compared to individuals?

AInstitutional members have significantly more voting power than individual members.

BVoting rights are exclusively held by individual members, with institutional members having no voting privileges.

CEach member typically has one vote, but bye‑laws may specify representation for institutional members, preserving one‑member‑one‑vote in substance

DBoth institutional and individual members have equal, unlimited voting power regardless of the number of shares held.

Answer:

C. Each member typically has one vote, but bye‑laws may specify representation for institutional members, preserving one‑member‑one‑vote in substance

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