Which of the following may be used to redress the ultra vires acts committed by a corporation?
A) Proceeding by shareholders for an injunction.
B) Suit by the corporation or shareholders derivatively against present or former directors or officers for commission of the acts.
C) A proceeding by the attorney general of the state of incorporation to enjoin it from the transaction of unauthorized business.
D) All of these may be used.
Correct Answer:
Verified
Q53: A corporation formed in substantial compliance with
Q54: All of the following are true of
Q55: Which of the following is correct regarding
Q56: The City of Chicago would best be
Q57: Corporate powers granted by the RMBCA include
Q59: Which of the following is NOT a
Q60: Under the RMBCA, the charter of the
Q61: What is the doctrine of ultra vires
Q62: Courts have responded by piercing the veil
Q63: What are the consequences of a defective
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents