Business Law GLOSSARY
Glossary of Business Law Terms
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- Q -
Qualification: The process by which a foreign corporation
registers in a state of operation other than its state of
Quasi Corporation: A business which has operated as a
corporation without completing the legal requirements, often in the
period just before formal incorporation.
Quorum: The number of people required to be present before
a meeting can conduct business. Unless stated differently in bylaws,
articles, regulations or other rules established by the
organization, a quorum is usually a majority of members.