What is the maximum percentage allowed for short notice consent if the company's Articles specify a higher percentage?

What is the maximum percentage allowed for short notice consent if the company's Articles specify a higher percentage?

• A. 85%
• B. 90%
• C. 95%
• D. 97%

Answer: (C)

Short notice consent is a written resolution passed without a formal meeting. The rule sets a high threshold for such consent: not less than 90% of the voting rights are needed unless the Articles specify a higher percentage. However, there is a ceiling: even if the Articles push the requirement higher, it cannot exceed 95%. So the maximum percentage allowed for short notice consent when the Articles specify a higher figure is 95%. That makes 95% the correct choice. The other percentages don’t fit: 85% is below the baseline 90%, 90% is the default baseline (not the maximum when the Articles raise the bar), and 97% would exceed the statutory cap.

Short notice consent is a written resolution passed without a formal meeting. The rule sets a high threshold for such consent: not less than 90% of the voting rights are needed unless the Articles specify a higher percentage. However, there is a ceiling: even if the Articles push the requirement higher, it cannot exceed 95%. So the maximum percentage allowed for short notice consent when the Articles specify a higher figure is 95%.

That makes 95% the correct choice. The other percentages don’t fit: 85% is below the baseline 90%, 90% is the default baseline (not the maximum when the Articles raise the bar), and 97% would exceed the statutory cap.