Multiple Choice
Which of the following is true of a quorum?
A) It is the maximum number of proxies that are allowed
B) Statutes, bylaws, or the articles of incorporation ordinarily require a majority of outstanding stock to constitute a quorum.
C) A stockholder's proxy cannot be counted in reaching a quorum in a convened meeting.
D) At common law, a quorum consisted of the number of proxies at a properly convened meeting.
Correct Answer:
Verified
Correct Answer:
Verified
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