MAJORITY OF STOCKHOLDERS

querymaster · 1 MAJORITY OF STOCKHOLDERS Wed Jun 01, 2011 2:05 pm

querymaster

Arresto Menor

Posts : 10
Join date : 05/05/2011

When the law says "must be approved by the stockholders representing majority f the outstanding capital stock" does it refer to 51% or 50.1% would be sufficient to comply with the requirement? if so, may I know any legal basis? Thank you!

attyLLL · 2 Re: MAJORITY OF STOCKHOLDERS Sat Jun 04, 2011 4:04 pm

attyLLL

moderator

Posts : 21671
Join date : 12/04/2010
Location : https://www.facebook.com/BPOEmployeeAdvocate/

50% + 1 more member is majority. more of a mathematical basis.

MAJORITY OF STOCKHOLDERS

1 MAJORITY OF STOCKHOLDERS Wed Jun 01, 2011 2:05 pm

querymaster

2 Re: MAJORITY OF STOCKHOLDERS Sat Jun 04, 2011 4:04 pm

attyLLL