Solved

In Order to Lease Substantially All of a Corporation's Assets

Question 70

Multiple Choice

In order to lease substantially all of a corporation's assets not in the usual course of business:


A) approval of the board and the majority of the corporation's outstanding shares is required; dissenting shareholders do not usually have an appraisal remedy.
B) shareholder approval is required if so determined by a subjective test under the 1999 amendments to the Revised Act.
C) shareholder approval is unnecessary, unlike for the sale of assets.
D) shareholder approval is necessary.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents