Most states provide that the minimum number of directors that must be present before the board may transact business is
A)all of the directors authorized in the articles or bylaws.
B)a majority of the number authorized in the articles or bylaws.
C)any odd number.
D)one.

Question

Quizplus · Accepted Answer

The correct answer is B) a majority of the number authorized in the articles or bylaws. This is because most corporate governance structures require a majority of the board of directors to be present to form a quorum, which is necessary to legally transact business. This ensures that decisions are made with a broad consensus rather than by a small, potentially unrepresentative segment of the board.

Most States Provide That the Minimum Number of Directors That