1. The authority given to the board of directors to amend its by-laws was revoked in a meeting of stockholders without previous notice that such matter could be acted upon in the meeting. Is the revocation valid? why?
2. A meeting of stockholders was improperly called and held. The business transacted at the meeting was questioned. What arguments can be raised to uphold its validity?
3. After the existence of a quorum has been determined in a meeting of stockholders, a number of them left the meeting, thereby leaving less than a quorum. Is the majority vote of those present sufficient to validly decide a matter properly presented? why?
4. X pledged his shares of stock to Y. as between them, who has the right to attend and vote at meetings of stockholders?