PetValue, Inc. has 100,000 shares outstanding and seven directors.

1. What number constitutes a quorum of shareholders? 2. What number constitutes a quorum of directors? 3. If six directors are present at a meeting, how many must vote affirmatively to take action on a corporate matter? 4. Allison owns 9,500 shares. May she call a special meeting? Discuss.

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To answer your questions Quorum of Shareholders A quorum is the minimum number of shares that must b... View the full answer