Laws required only majority of shareholders to constitute

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Reference no: EM131759383

All stockholders were present at the annual stockhold- ers' meeting of a corporation whose bylaws required only a majority of shareholders to constitute a quorum During the meeting, two stockholders who owned a majority of the stock withdrew from the meeting while it was in progress. Following their withdrawal, the remaining stockholders elected five members to the board of directors. Should the election of the directors be invalidated? Why or why not?

Reference no: EM131759383

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