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A corporation has 2 0 , 0 0 0 shares outstanding. A shareholders' meeting is duly called to amend the articles of incorporation, and 1

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A corporation has 20,000 shares outstanding. A shareholders' meeting is duly called to amend the articles of incorporation, and 10,001 shares are represented at the meeting. The articles of incorporation require a 60% quorum. If 5,001 shares are voted in favor of the amendment, does it pass?
A. No, the quorum would require 12,000 shares to be represented according to the Model Business Corporation Act.
B. No, the quorum would require 16,000 shares to be represented because there is no provision in the articles of incorporation for a quorum.
C. No, even though the quorum was met, only about 25% voted in favor of the amendment.
D. Yes, the quorum was met, and the majority voted in favor of the amendment.
E. No, when there is no quorum in the articles of incorporation, the vote must be unanimous.
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