Solved

What Is the Consequence of Holding a Special Shareholders' Meeting

Question 89

Multiple Choice

What is the consequence of holding a special shareholders' meeting after giving proper notice to some,but not all,shareholders?


A) All actions taken at the meeting are effective, unless one of the shareholders who did not receive notice objects.
B) Any actions that received enough overall shareholder support that they would have been approved even if the shareholders not receiving notice had attended and voted against them are effective, and all other actions are not effective.
C) The action can be made effective only through ratification by the board of directors.
D) All actions taken at the meeting are not effective.
E) All actions taken at the meeting are valid, unless a special meeting was involved, in which case all actions taken are invalid.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents