The Revised Model Business Corporation Act would permit the directors to avoid a shareholder vote for which of the following amendments to the articles of incorporation?
A) Changing the name from Oskcamp Brown Corporation to McDuddy Corporation
B) A change from duration of 99 years to perpetual life
C) Authorizing a new class of stock
D) Adding to the number of directors

Question

Quizplus · Accepted Answer

The Revised Model Business Corporation Act allows directors to make certain amendments without shareholder approval, such as extending the duration of the corporation from a fixed term to perpetual life.

The Revised Model Business Corporation Act Would Permit the Directors