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- Alaska Statutes.
- Title 10. Corporations and Associations
- Chapter 6. Alaska Corporations Code
- Section 415. Quorum of Shareholders.
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. Voting List; Liability.
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AS 10.06.415. Quorum of Shareholders.
- (a) Unless otherwise provided in the articles of incorporation, a majority of the shares entitled to vote, represented in
person or by proxy, constitutes a quorum at a meeting of shareholders, but in no event may a quorum consist of less
than one-third of the shares entitled to vote at the meeting. If a quorum is present, the affirmative vote of the
majority of shares represented at the meeting and entitled to vote on the subject matter is the act of the
shareholders, unless the vote of a greater number or voting by classes is required by this chapter, the articles of
incorporation, or the bylaws.
- (b) Shareholders present at a meeting at which a quorum is present may continue to transact business until adjournment,
notwithstanding the withdrawal of enough shareholders to leave less than a quorum, if any action taken other than
adjournment is approved by at least a majority of shares required to constitute a quorum.
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