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 approve an action as a board?
A)7
B)4
C)6
D)11

Question

Quizplus · Accepted Answer

The minimum number of directors required to transact business is not mentioned. Therefore, it can be assumed that a simple majority (more than half) of the total number of directors present at the meeting is needed to approve an action. In this case, since the minimum number present is not mentioned, it can be assumed that there are 7 directors present. Thus, a simple majority would be 4 votes, making option B the correct answer.

Assume There Are No Provisions in the Corporation's Articles of Incorporation