Fundamental Changes Flashcards
1
Q
Amendments to Articles
A
A filing of articles of amendment by board, requires shareholder approval if changes number of authorized or existing shares in a certain class OR adversely affects rights of class.
2
Q
Required Vote
A
Majority of shareholders ENTITLED to vote, NOT majority of present shareholders.
3
Q
Rights Arising
A
Dissenters of fundamental changes can be bought out.
