Question
Omega Corporations is a stock corporation whose AOI provide for 7 directors and an authorized capital stock of 1M divided into 10,000 shares with a
Omega Corporations is a stock corporation whose AOI provide for 7 directors and an authorized capital stock of 1M divided into 10,000 shares with a par value of 100.00 per share. During the election of directors for 2020, the following ran for the position: Uno, Dos, Tres, Cuatro, Cinco, Seis, Siete. On that date, the corporation had 7,000 outstanding shares of which 5,000 shares had been paid in full, while the 2,000 shares were paid to the extent of the 50% subscription price. All the shares were subscribed at par value and covered by a binding subscription agreement. If you were a stockholder who owns 500 shares, how many votes are you entitled to cast in the election of directors?
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