Zeelon Corporation stock may be summarized as follows: 100,000 authorized
90,000 issued
75,000 outstanding
15,000 treasury stock
How many shares or proxies will have to be present for a quorum (assuming no special provision and that the Revised Act is not in effect)?
A) 45,001
B) 37,501
C) 30,001
D) 50,001

Question

Quizplus · Accepted Answer

A quorum typically requires a majority of the outstanding shares. With 75,000 outstanding shares, a majority would be 37,501 shares.

Zeelon Corporation Stock May Be Summarized as Follows: 100,000 Authorized