Shareholder Approval of a Fundamental Change Means a Unanimous Vote

question 49

True/False

Shareholder approval of a fundamental change means a unanimous vote.

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Definitions:

Title To Property

Legal rights that prove ownership or possession of a specific piece of property, either real estate or personal property.

Bailed Property

Property given to someone for temporary safekeeping under a bailment agreement.

Bailment Agreement

A legal arrangement in which one party temporarily transfers possession of property to another, with the understanding that it will be returned.

Court Order

A formal direction issued by a court or judge requiring a person or entity to do or not do something.