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a) Recap. Inc., a Delaware corporation, has one class of common stock authorized in its certificate of incorporation, each share of common stock entitles the
a) Recap. Inc., a Delaware corporation, has one class of common stock authorized in its certificate of incorporation, each share of common stock entitles the holder to one vote on all matters requiring a shareholder vote. Recaps the board and the holder of a majority of its outstanding shares desires to modify its charter to provide that upon the effectiveness of a certificate of amendment effectuating the modification each holder of shares of common stock entitles the holder to ten votes per share until the share is transferred at which time the transferee holder shall be permitted to exercise only one vote per share. A group of minority holders desires to block adoption of the proposed charter amendment. Assuming recaps certificate of incorporation does not alter the default rules in the Delaware general corporation law as to the voting requirements for charter amendments can the disaffected minority holders block adoption of the recapitalization why or why not explain the required approvals in support of your
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