The board of directors of Lorantan Corporation has 12 members.Lorantan's bylaws provide that a majority of seven or more directors is necessary to form a quorum.At a meeting of the board of directors,a resolution is adopted authorizing the sale of a substantial portion of the corporate assets to Pam Park,a director.Pam is one of the eight directors present.What must the directors do for Pam to avoid liability for buying the assets from the corporation?

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The Answer of The board of directors of Lorantan Corporation has 12 members.Lorantan's bylaws provide that a majority of seven or more directors is necessary to form a quorum.At a meeting of the board of directors,a resolution is adopted authorizing the sale of a substantial portion of the corporate assets to Pam Park,a director.Pam is one of the eight directors present.What must the directors do for Pam to avoid liability for buying the assets from the corporation?

The Board of Directors of Lorantan Corporation Has 12 Members