Regarding the election of directors:
A) under the Revised Act, directors are elected by a majority of the votes.
B) cumulative voting is a right of shareholders in all states.
C) cumulative voting permits minority shareholders to obtain majority representation on the board.
D) under straight voting, shareholders owning a majority of the voting shares can always elect the entire board of directors.
Correct Answer:
Verified
Q50: With respect to the board of directors
Q83: Discuss the business judgment rule.
Q83: The remedy for a director's breach of
Q84: Zeelon Corporation stock may be summarized as
Q85: Explain the reasons why the accountability of
Q87: If Eilene, a shareholder, sues in a
Q89: Under the MBCA, a quorum of shareholders
Q91: What are some of the matters involving
Q92: Compare the respective roles of the officers,
Q93: The Revised Act authorizes the articles of
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