Solved

Which of the Following Is True About the Purpose(s)of a Corporation

Question 96

Multiple Choice

Which of the following is true about the purpose(s) of a corporation?


A) A corporation is considered to be formed for any lawful purpose, and can therefore engage in any legal activity.
B) A corporation must identify all specific purposes for which it has been formed.
C) A corporation can have more than one purpose, but the purposes must be related; if they are not, the state will order the corporation split up into two or more separate corporations.
D) A corporation can have either a general purpose or a limited purpose.
E) The secretary of state's office will review new filings of articles of incorporation to prevent the formation of too many corporations with identical purposes.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents