BobKamman
Level 15
12-29-2025
02:30 PM
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A corporation can require more than a simple majority (over 50%) for shareholder approval on major decisions, often through its Articles of Incorporation or Bylaws, to protect minority shareholders or control fundamental changes like mergers, sales, or charter amendments, using "supermajority" (e.g., 66.7%, 75%, 90%) or even unanimous votes for critical actions. While state law often sets defaults (like simple majority), these agreements allow for higher thresholds, balancing control with operational necessity.
Or at least, that's what Google AI told me. And unlike Putin, it seldom lies.