In most jurisdictions,there is no quorum unless the holders of at least _____ of the outstanding shares are present in person or by proxy.
A) 25 percent
B) 33 percent
C) 50 percent
D) 75 percent

Question

Quizplus · Accepted Answer

While the required quorum percentage may vary by jurisdiction and company, it is generally accepted that a quorum is reached when a majority of the outstanding shares are present in person or by proxy. As such, choice C) 50 percent is the best answer as it represents a simple majority. Choice D) 75 percent would be an extremely high and unlikely requirement for a quorum. A) 25 percent and B) 33 percent would not constitute a majority and would therefore not be sufficient for a quorum in most cases.

In Most Jurisdictions,there Is No Quorum Unless the Holders of at Least