So long as the definition of a private corporation is met,the entity is generally exempt from most of the obligations that are requirements set out under which of the following?

Question

Quizplus · Accepted Answer

Securities legislation typically regulates the issuance and trading of securities, which a private corporation may not engage in. Therefore, a private corporation may be exempt from most obligations under securities legislation. Choices A, B, and D relate to corporate law and obligations that a private corporation would still need to comply with.

So Long as the Definition of a Private Corporation Is