The MBCA permits shareholders to remove directors with or without cause. A director who has failed to or is unable to attend and participate in directors' meetings or who has acted contrary to the interests of the corporation can be removed for cause.

Solved

A Director

Question 31

Multiple Choice

A director:

A) can be removed from office if he or she voluntarily failed to attend directors' meetings.
B) cannot be removed from office because he or she has acted contrary to the interests of the corporation.
C) cannot be removed from office by shareholders without any cause.
D) can be removed from office without being given notice or a hearing.

Correct Answer: