Which of the following is true about supramajority requirements?
A) They can be required for voting but not for quorums.
B) They can be required for either voting or for quorums,but must be part of the original articles.
C) They are automatically required for quorums of shareholders meetings and voting at such meetings when approving mergers,consolidations,or the sale of substantially all of the assets of the corporation.
D) They can be required for either voting or for quorums,and if the requirement is added in an amendment,the vote approving the amendment must pass by the same supramajority as the new supramajority requirement contained in the amendment on which is being voted.
E) They can be required for either voting or for quorums,and if the requirement is added in an amendment,the vote approving the amendment needs only to have a simple majority in order to become effective.
Correct Answer:
Verified
Q42: In order to vote shares at a
Q44: Where the bylaws require a simple majority
Q45: An agreement between shareholders that addresses how
Q46: Shareholders can lose their limited liability if
Q48: The notice for which type(s)of shareholders' meetings
Q49: Courts will pierce the corporate veil if
Q50: Corporations are required to hold shareholders' meetings
Q51: The document by which a shareholder grants
Q52: Which of the following is true?
A) Voting
Q88: Which of the following describes a shareholder's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents