Shareholders, acting in that capacity can incur obligations on behalf of the corporation in which they hold shares.

Name: Shareholders, acting in that capacity can incur obligations on behalf of the corporation in which they hold shares.
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Question

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Shareholders generally do not have the authority to incur obligations on behalf of the corporation; this is typically the role of the corporation's officers or directors.

Shareholders, Acting in That Capacity Can Incur Obligations on Behalf