A derivative lawsuit is one that a shareholder brings against an offending party on behalf of the corporation when the corporation fails to bring the lawsuit itself.
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Q12: A proxy is valid for an indefinite
Q13: Shareholders own the corporation.
Q14: The bylaws of a corporation may require
Q15: A proxy may validly be given orally
Q16: The preemptive right allows shareholders with sufficient
Q18: Because one of the characteristics of a
Q19: Shareholders may not inspect the minutes of
Q20: An annual financial statement must be furnished
Q21: In a corporation,each officer position must be
Q74: Absent an agreement to the contrary,a corporate
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