MATTER OF INQUIRY BOARD OF STOCKHOLDERS/ OTHER REQUIREMENTS

DIRECTORS/TRUSTEES MEMBERS
Power to extend or Majority vote of Stock corporation – 2/3 Written notice of the
shorten corporate directors or trustees of the outstanding proposed action and of
term capital stock; the time and place of the
meeting shall be
Non-stock corporation – addressed to each
2/3 of the members stockholder/member at
his residence.

Note: Any dissenting

stockholder may exercise
his appraisal right in case
of extension of corporate
term. The same rule
applies even in
shortening of corporate
term (under Section 81).
Power to increase or Majority vote by board 2/3 of the outstanding  Written notice of the
decrease capita stock of directors capital stock proposed action and
of the time and place
of the meeting shall
be addressed to each
stockholder/member
at his residence.
 A certificate in
duplicate must be
signed by a majority
of the directors of the
corporation and
countersigned by the
chairman and
secretary of the
stockholder’s
meeting.
Power to incur, Majority vote by board 2/3 of the outstanding  Written notice of the
create or increase of directors capital stock proposed action and
bonded indebtedness of the time and place
of the meeting shall
be addressed to each
stockholder/member
at his residence.
 A certificate in
duplicate must be
signed by a majority
of the directors of the
corporation and
countersigned by the
chairman and
secretary of the
stockholder’s
meeting.