The Revised Act does not consider a transfer of its own stock by ZYX Corporation to its stockholders a distribution.

Name: The Revised Act does not consider a transfer of its own stock by ZYX Corporation to its stockholders a distribution.
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Question

Quizplus · Accepted Answer

Under the Revised Model Business Corporation Act, a corporation's transfer of its own stock to its stockholders is not considered a distribution, as distributions typically involve the transfer of cash or property, not stock.

The Revised Act Does Not Consider a Transfer of Its