The RMBCA establishes a majority of ________ as a quorum to hold a meeting of the shareholders.

Question

Quizplus · Accepted Answer

The RMBCA requires a majority of outstanding shares to be present in order to establish a quorum for a shareholders' meeting. Treasury stock, treasury shares, and reacquired stock are all different terms for shares that have been repurchased by the company and are no longer outstanding, so they would not be included in the calculation for a quorum.

The RMBCA Establishes a Majority of ________ as a Quorum