Under the Statutory Close Corporation Supplement to the MBCA,a close corporation must have bylaws on file with the Office of the Secretary of State or some other public office.
Correct Answer:
Verified
Q5: If an act is ultra vires,it is
Q6: "Doing business" within a particular state will
Q7: The Revised Model Business Corporation Act has
Q8: Under the RMBCA,a pre-incorporation subscription may be
Q9: Promoters have a fiduciary duty to the
Q11: Under the RMBCA,a newly formed corporation need
Q12: The doctrine of corporation by estoppel is
Q13: In the absence of contractual restrictions,shares in
Q14: A corporation owned by one person is
Q15: A corporation has perpetual existence unless otherwise
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents