Zeelon Corporation stock may be summarized as follows:
100,000 authorized
90,000 issued
75,000 outstanding
15,000 treasury stock
How many shares or proxies will have to be present for a quorum (assuming no special provision and that the Revised Act is not in effect)?
A) 50,001
B) 30,001
C) 37,501
D) 45,001

Question

Quizplus · Accepted Answer

For a quorum, more than half of the outstanding shares must be present. With 75,000 outstanding shares, more than half is 37,501.

Zeelon Corporation Stock May Be Summarized as Follows