A situation in which the articles of incorporation demand the approval of 90 percent of the voting shares instead of the usual 50 percent is known as a ________.

Question

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A situation in which the approval of a higher percentage of voting shares is required than the usual 50 percent is called a supramajority. This high threshold ensures that significant decisions cannot be made without a strong consensus among shareholders.

A Situation in Which the Articles of Incorporation Demand the Approval