Corporate bylaws and resolutions of the corporation's board of directors provide guidelines but cannot grant or restrict corporate powers.

Name: Corporate bylaws and resolutions of the corporation's board of directors provide guidelines but cannot grant or restrict corporate powers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Corporate bylaws and board resolutions can indeed grant or restrict corporate powers as they define the internal rules and governance structure of the corporation.

Corporate Bylaws and Resolutions of the Corporation's Board of Directors