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Assuming there are no provisions in the corporation's articles of incorporation or bylaws regarding quorum requirements, if there are 13 total directors of General Gains Corporation and the minimum number of directors are present to transact business, how many votes normally would be necessary for those present to pass a motion as a board? a
Assuming there are no provisions in the corporation's articles of incorporation or bylaws regarding quorum requirements, if there are 13 total directors of General Gains Corporation and the minimum number of directors are present to transact business, how many votes normally would be necessary for those present to pass a motion as a board?
a. 7
b. 4
c. 6
d. 11
Expert Solution
If there are 13 total directors of General Gains Corporation and the minimum number of directors are present to transact business, how many votes normally would be necessary for those present to pass a motion as a board:
This is the issue of quorum in the board meeting, generally majority of the board of the directors is considered to be quorum ( More than 50%) Hence in this case the answer will be
a) 7 directors
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