Assume there are no provisions in the corporation's articles of incorporation or bylaws regarding quorum requirements.If there are 13 total directors of General Grain Corporation and the minimum number of directors are present to transact business, how many votes normally would be necessary for those present to act as a board?
A) 7
B) 11
C) 4
D) 6
Correct Answer:
Verified
Q61: One of the fiduciary duties of directors
Q62: The RMBCA states that "all corporate powers
Q63: The type of authority that arises from
Q64: Theodore, as treasurer of Komand Corporation, had
Q65: The minimum number of board members necessary
Q67: The _ precludes imposing liability on directors
Q68: Tunso Corp.has 1,000 shares of stock outstanding
Q69: An officer or director's responsibility to exercise
Q70: The Rutherford Corporation, a publicly held company,
Q71: The right of a shareholder to examine
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