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True or False? In regular meetings of stockholders or members of record, a written notice shall be sent at least 10 days prior to the
True or False?
- In regular meetings of stockholders or members of record, a written notice shall be sent at least 10 days prior to the meeting.
- Special meetings of stockholders or members shall be held at any time deemed necessary.
- Right to vote of stockholders or members may be exercised in person, through a proxy, or by remote communication or in absentia, when the latter manner is so authorized in the bylaws.
- Directors or trustees can attend or vote by proxy at board meetings.
- Every decision reached by at least a majority of the directoror trustees constituting a quorum shall be a valid corporate act.
- Treasury shares shall have voting right as long as such shares remain in the Treasury.
- A voting trust agreement can be entered into for purposes of circumventing the laws against anti-competitive agreements, abuse of dominant position, anti-competitive mergers and acquisitions, violations of nationality and capital requirements, or for the perpetuation of fraud.
- The voting trustee or trustees in a VTA may vote by proxy or in any manner authorized under the bylaws unless the agreement provides otherwise.
- Revocation of a proxy may be made through formal notice, by verbal communication, or by the conduct of the stockholder or member as when he personally attends the meeting.
- Proxy voting is allowed in the election of the Board of Directors or Trustees.
- A stockholder or member who participates through remote communication or in absentia shall not be included in determining the quorum.
- The proper place for stockholders or members meeting is in the principal office of the corporation as set forth in the articles of incorporation.
- The election of officers shall require the vote of a majority of all the stockholders or members.
- A proxy votes as a principal, and in person.
- The chairman or, in his absence, the president shall preside at all meetings of directors or trustees as well as of the stockholders or members.
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