Which of the following is true of a quorum?
A) Statutes, bylaws, or the articles of incorporation enable voting proxy in a quorum.
B) It is a maximum number of debentures that must be represented in order that business may be lawfully transacted.
C) A stockholder's proxy cannot vote on his behalf in a convened meeting.
D) Under the common law, a quorum consists of the stockholders represented by proxy at a properly convened meeting.

Question

Quizplus · Accepted Answer

Statutes, bylaws, or articles of incorporation often allow for voting by proxy to ensure that a quorum can be met for lawful business transactions.

Which of the Following Is True of a Quorum