Directors have the power to bind the corporation when acting individually rather than as a board.
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Q12: A shareholder may not vote without being
Q13: A proxy is effective until the shareholder
Q14: The officers determine the capital structure and
Q15: By law,a shareholder is always entitled to
Q16: Under the RMBCA,if a quorum exists,a shareholder
Q18: Directors ordinarily serve until someone who wants
Q19: Directors are elected every-other year at the
Q20: Cumulative voting is permitted so the majority
Q21: In closely held corporations,stock transfer restrictions are
Q22: In most states,a corporation may,with shareholder approval,limit
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