Question
__ 41. What is the voting requirement for members to revoke the delegated power given to the BOT to amend by-laws? a.Majority of BOT and
__ 41. What is the voting requirement for members to revoke the delegated power given to the BOT to amend by-laws?
a.Majority of BOT and members c. Majority of BOT and 2/3 of members
b.2/3 of the members d. Majority of the members
43.The following are the requirements imposed on a voting trust agreement, except:
a.The agreement must be in writing and notarized and specify the terms and conditions thereof.
b.A certified copy of such agreement shall be filed with the corporation and with the Securities and Exchange Commission; non-compliance, however, said agreement is effective and enforceable.
c.The certificate or certificates of stock covered by the voting trust agreement shall be cancelled and new ones shall be issued in the name of the trustee or trustees stating that they are issued pursuant to said agreement.
d.It shall be noted that the transfer in the name of the trustee or trustees is made pursuant to said voting trust agreement.
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