PetValue, Inc. has 100,000 shares outstanding and seven directors. 1. What number constitutes a quorum of shareholders? 2. What number constitutes a quorum of directors?
PetValue, Inc. has 100,000 shares outstanding and seven directors.
1. What number constitutes a quorum of shareholders? 2. What number constitutes a quorum of directors? 3. If six directors are present at a meeting, how many must vote affirmatively to take action on a corporate matter? 4. Allison owns 9,500 shares. May she call a special meeting? Discuss.
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Authors: John Graham, Scott Smart
3rd edition
9781111532611, 1111222282, 1111532613, 978-1111222284
