Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

For an existing corporation, how many trustees need to vote on a corporate action?

April 26, 2017Action corporate corporation existing TRUSTEES vote

0

10 Posted

For an existing corporation, how many trustees need to vote on a corporate action?

1 Answer

0

10 Posted

Any action involving an amendment, restatement, consolidation or dissolution requires a three-fourths vote of the entire board. To extend a provisional charter, or to replace it with an absolute charter, a simple majority will suffice.