ICANBusiness LawCompany Law: Directors, Meetings and Shares2020

Pursuant to Section 256(1) of the Companies and Allied Matters Act (CAMA) 2020, unless a company's articles of association provide a larger number, what is the default statutory quorum for a general meeting of a company with multiple members?

AOne-half of the total number of members or 50 members, whichever is less
BOne-third of the total number of members or 25 members, whichever is lessCORRECT
CTwo-thirds of the total number of members present in person or by proxy
DOne-fourth of the total number of members or 10 members, whichever is greater
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Section 256(1) of CAMA 2020 specifies that unless the articles otherwise provide, the quorum for a general meeting of a company shall be one-third of the total number of members of the company or 25 members (whichever is less) present in person or by proxy.
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