Which of the following is not a general corporate power typically granted by incorporation statutes,including the RMBCA?
A) To have a corporate seal
B) To own and vote shares of other entities
C) To make donations for charitable or educational purposes
D) All of these are typical corporate powers.

Question

Quizplus · Accepted Answer

All of the options listed (A, B, C) are typical corporate powers granted by incorporation statutes, including the Revised Model Business Corporation Act (RMBCA).

Which of the Following Is Not a General Corporate Power