Lovell & Harrish, Inc. is a Delaware corporation engaged in operating movie theaters in several states east of the Mississippi. It has 300,000 shares outstanding. Its bylaws provide that its annual shareholders' meeting will be held on October 1 and that the record date for determining shareholders entitled to notice of the meeting and to vote at the meeting is 30 days prior to the annual meeting. The corporation's bylaws authorize nine directors.

How many shares constitute a quorum for purpose of the annual meeting? Please support your conclusions.

Assuming that a bare quorum is present, how many shares need to vote affirmatively to approve the appointment of the corporation's auditors?

What is the record date of the meeting?

Helen, one of the shareholders, would like to examine the list of shareholders for the purpose of finding like-minded shareholders with whom to vote. May Helen examine the list? Why or why not?

Shelley, a shareholder, owns 100 shares in Lovell & Harrish. Five director candidates are standing for election in the corporation at this meeting. Under straight voting, how many votes will Shelley have? How many votes will Shelley have under cumulative voting? Fully explain.

Lastly, is Lovell & Harrish, Inc. a foreign corporation? Describe foreign corporations and whether or not Lovell & Harrish, Inc. is or is not a foreign corporation.