The Revised Model Business Corporation Act (RMBCA)permits corporations to grant more than one vote per share to some classes of stock and less than one vote per share to others.

Question

Quizplus · Accepted Answer

This is true. Under the RMBCA, corporations can issue different classes of stock with varying voting rights, such as one class with multiple votes per share and another class with only one vote per share or no voting rights at all. This allows for greater flexibility in corporate governance and ownership structure.

The Revised Model Business Corporation Act (RMBCA)permits Corporations to Grant