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February 2017 Archives

Workarounds to Meeting Shareholder Quorum Requirements in California Corporations

In a lot of cases, a California corporation will need shareholders' consent to take action, and in order for shareholders to take action, a quorum must be established. California Corporations Code Section 602(a) states that a quorum is established if a majority of the shares that are entitled to vote are represented in person or by proxy at a shareholders meeting, unless the articles of incorporation provides otherwise. But what happens if the corporation can't take action because its shareholders can never establish a quorum?

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