The affirmative vote of the majority of the voting shares represented at a shareholders' meeting constitutes an act of the shareholders for actions other than for the election of directors.

Question

Quizplus · Accepted Answer

This is in accordance with most bylaws and state laws governing shareholder voting. However, it is important to check the specific provisions in each company's governing documents to confirm the requirements for shareholder actions.

The Affirmative Vote of the Majority of the Voting Shares