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

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Definitions:

Ureters

Tubes that carry urine from the kidneys to the bladder, playing a crucial role in the urinary system.

Kidneys

Paired organs of the vertebrate urinary system that regulate the chemical composition of the blood and produce a waste product called urine.

Nitrogenous Wastes

Metabolic waste compounds that contain nitrogen, such as urea and ammonia, which are primarily excreted by the kidneys in animals.

Nucleic Acids

Large molecules composed of nucleotides that carry genetic information, including DNA and RNA.