Question
Chadagonia, Inc., a Florida corporation, manufactures outdoor apparel. Although originally intended for hikers, mountain climbers, and other outdoor enthusiasts, Chadagonia's current dominant consumer demographic is
Chadagonia, Inc., a Florida corporation, manufactures outdoor apparel. Although originally intended for hikers, mountain climbers, and other outdoor enthusiasts, Chadagonia's current dominant consumer demographic is upper-middle-income dudes named Chad. In any event, Chadagonia amended its bylaws to include the following provisions:
- "The Board of Directors shall consists of 18 people" [the Board previously consisted of 12 people];
- "The number of directors required to constitute a quorum at a meeting of the board of directors shall be six (6)."
Are the bylaw amendments enforceable?
Group of answer choices
a. Provision 1 is enforceable, but Provision 2 is not enforceable because 6 is an impermissibly low number of directors to constitute quorum.
b. Neither provision is enforceable, because increasing the size of the board and/or fixing director quorum must be done in the Articles of Incorporation.
c. Provision 1 is not enforceable because increasing the size of the board must be done in the Articles of Incorporation.
d. Both provisions are enforceable.
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