Question
A corporation with a 15-person Board held a board meeting where only 8 members were present. The Board passed a resolution to amend the Articles
A corporation with a 15-person Board held a board meeting where only 8 members
were present. The Board passed a resolution to amend the Articles of Incorporation
with a vote of 5 in favor, 3 against.
Group of answer choices
A. The resolution is valid if directors who voted own 2/3 of the OCS
B. The resolution invalid
C. The resolution is valid
D. The resolution can be ratified by vote of 2/3 of the OCS
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Inside Company Valuation
Authors: Angelo Corelli
1st Edition
3319537822, 9783319537825
