Zeelon Corporation Stock May Be Summarized as Follows: 100,000 Authorized

question 77

Multiple Choice

Zeelon Corporation stock may be summarized as follows: 100,000 authorized
90,000 issued
75,000 outstanding
15,000 treasury stock
How many shares or proxies will have to be present for a quorum (assuming no special provision and that the Revised Act is not in effect) ?

• A) 45,001
• B) 37,501
• C) 30,001
• D) 50,001