TIMED TASK

1. For the adoption of bylaws by the corporation, the affirmative vote of the stockholders representing at least a majority of the outstanding capital stock, or of at least a majority of the members in case of non- stock corporations, shall be necessary. 2. Stockholders' or members' meetings, whether regular or special, shall be held in the principal office of the corporation as set forth in the articles of incorporation, or, if not practicable, in the city or municipality where the principal office of the corporation is located. Both statements are correct Only the second statement is correct Only the first statement is correct Both statements are wrong