Question
The shareholders of XYZ Company have cumulative voting rights. The company is planning to elect 3 directors. There are 10,000 shares outstanding. You are running
The shareholders of XYZ Company have cumulative voting rights. The company is planning to elect 3 directors. There are 10,000 shares outstanding. You are running for director. How many shares do you need to own to be sure you can be elected?
5,001 (1/2 of the shares +1).
None of the answers is correct.
3,334 (1/3 of the shares +1).
10,000 shares.
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Low Income Housing Tax Credit IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
978-1304135087
