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MegaValue Corporation Requires a Quorum of Five Directors

Question 83

True/False

MegaValue Corporation requires a quorum of five directors. If Branson, a director, shows up at the meeting for a vote on his favorite topic (dividends) and withdraws thereafter, leaving only four directors, they, under the Revised Act, may continue to act on further business that day, because the quorum was present at the beginning of the meeting.

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