Final answer:
According to the Revised Model Business Corporation Act, a quorum is established when more than half of the shares entitled to vote are represented. For the Inkilwas Corporation with 30,000 shares, the minimum number is 15,001. Investors 1 and 2 in the Darkroom Windowshade Company, with a combined 38,000 shares, cannot ensure always getting their way because they need more than 50,000 votes for a majority. The correct option is C) 15,001
Step-by-step explanation:
To determine the minimum number of outstanding shares that must be represented at the shareholders' meeting to have a quorum according to the Revised Model Business Corporation Act (RMBCA), we refer to the standard provisions of the RMBCA which typically state that a majority of the shares entitled to vote, represented in person or by proxy, constitutes a quorum at a meeting of shareholders. In the case of the Inkilwas Corporation with 30,000 shares outstanding, more than half of the shares must be present. This means at least 15,001 shares need to be represented to form a quorum. Therefore, the correct answer is C) 15,001.
Looking at the example of the Darkroom Windowshade Company with 100,000 shares of stock outstanding, to change the company's top management, more than half the shares need to agree. Investors 1 and 2 together hold 38,000 shares, which is less than the required majority (more than 50,000 votes needed). While they hold a large percentage, they cannot be certain of always having their way as they would still need the support from additional shareholders to reach a majority vote.
The correct option is C) 15,001