18 Acme Inc has 5000 outstanding shares of voting stock Its

18. Acme, Inc. has 5,000 outstanding shares of voting stock. Its Bylaws set the quorum at 50% of outstanding shares. If the Board of Acme, Inc. is considering merging with Lekme, Inc., a quorum of 2500 outstanding shares must be present to vote. TRUE FALSE

False. It is not necessary. It depends on states in which company is incorporated. There are many variations regarding mergers