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Can financial reports be accepted or received without a quorum?
Wiki User
∙ 11y ago
Technically no action of the corporation's board is valid without a quorum. The charter or the Bylaws can make exceptions for this purpose.
Wiki User
∙ 11y ago
Financial reports can typically be accepted or received without a quorum. However, it ultimately depends on the specific rules and regulations governing the organization or entity receiving the reports. In some cases, a quorum may be required for formal acceptance or approval of financial reports.
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