Flite-Craft Corporation makes and sells aircraft parts.In most states,the minimum number of directors that must be present before Flite-Craft's board can transact its business is

Question

Quizplus · Accepted Answer

In most states, the minimum number of directors required to transact business is a majority of the number authorized in the articles or bylaws. Therefore, this means that if Flite-Craft Corporation has five directors authorized in their bylaws, at least three directors must be present to transact business.

Flite-Craft Corporation Makes and Sells Aircraft Parts