Which of the following may be used to redress the ultra vires acts committed by a corporation?
A) A proceeding by the attorney general of the state of incorporation to enjoin it from the transaction of unauthorized business.
B) Suit by the corporation or shareholders derivatively against present or former directors or officers for commission of the acts.
C) Proceeding by shareholders for an injunction.
D) All of these may be used.
Correct Answer:
Verified
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