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Question
The Inkilwas Corporation has 30,000 shares outstanding. A shareholders' meeting is duly called to amend the articles of incorporation, and 17,501 shares are represented at the meeting. If an Inkilwas Corporation amendment for its articles of incorporation is put to vote at this meeting, which of the following statements would be true with respect to the passing of the amendment?
A) The amendment would not pass as all 30,000 votes have to be represented.
B) The amendment would only pass if all 17,501 votes approve.
C) The amendment would be passed if 4,376 votes approve.
D) The amendment will pass if 8,751 votes approve.
Answer
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