Question
Inkilwas Corporation has 30,000 outstanding shares. A shareholders' meeting is duly called to amend the articles of incorporation, and 17,501 shares are represented at the
Inkilwas Corporation has 30,000 outstanding shares. A shareholders' meeting is duly called to amend the articles of incorporation, and 17,501 shares are represented at the meeting. If an Inkilwas Corporation amendment for its articles of incorporation is put to vote at this meeting, which of the following statements is true with respect to the passing of the amendment? A. The amendment would be passed only if all 17,501 votes approve. B. The amendment would be passed if 4,376 votes approve. C. The amendment would not be passed as all 30,000 votes have to be represente D. The amendment would be passed if 8,751 votes approve.
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