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PROBLEM SOLVING A is an American and resides in the U. S.He was elected as a director of X corporation.Y, a stockholder seeks his removal.At
PROBLEM SOLVING
- A is an American and resides in the U. S.He was elected as a director of X corporation.Y, a stockholder seeks his removal.At the stockholders' meeting called upon by the president wherein a quorum was present, A was removed as a director after the stockholders representing 2/3 of the outstanding capital voted to oust him.Is the removal legal?Explain with reasons.
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