Ace Corporation requires a quorum of five directors. If Richard, a director, shows up at the meeting for a vote on his favorite topic (dividends) and withdraws thereafter, leaving only four directors, they, under the Revised Act, may not act on any further business.

Question

Quizplus · Accepted Answer

Under the Revised Act, if a quorum is initially present but a director withdraws, leaving less than a quorum, the remaining directors cannot act on further business.

Ace Corporation Requires a Quorum of Five Directors