For action to be taken during a shareholders' meeting,a quorum must be present.

Question

Quizplus · Accepted Answer

This is true. A quorum is the minimum number of shareholders (or their proxies) that must be present at a meeting in order for the meeting to be valid and for action to be taken. The specific quorum requirement is typically set forth in the company's bylaws. Without a quorum, decisions cannot be made and no business can be conducted during the meeting.

For Action to Be Taken During a Shareholders' Meeting,a Quorum