A corporation's ________ powers are found in the United States Constitution,state constitutions,federal statutes,state statutes,articles of incorporation,bylaws,and resolutions of the board of directors.

Question

Quizplus · Accepted Answer

A corporation's express powers are those specifically granted to it through legal documents such as the United States Constitution, state constitutions, federal statutes, state statutes, articles of incorporation, bylaws, and resolutions of the board of directors. These powers are clearly stated and defined, as opposed to implied or equitable powers. Conditional powers are those that depend on certain conditions being met, and defined powers refer to those that are specifically defined by law or regulation.

A Corporation's ________ Powers Are Found in the United States