Practice question
Absent a different Code or bylaw provision, what is the stock-corporation quorum under Section51?
- Stockholders representing a majority of outstanding capital stock
- A majority of shareholder names regardless of shares
- Exactly one shareholder in every case
- Every creditor
- Only the president’s household
Legal references
- RA11232 Revised Corporation Code: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html Sections49 and51.
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