Implied powers are nonexistent in terms of accomplishing a corporate purpose.

Name: Implied powers are nonexistent in terms of accomplishing a corporate purpose.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

Implied powers refer to powers that are not explicitly stated in a corporation's articles of incorporation or bylaws but are necessary to accomplish its stated purpose. Therefore, they can be significant in accomplishing a corporate purpose.

Implied Powers Are Nonexistent in Terms of Accomplishing a Corporate