If Marilyn and George form a corporation under the Revised Act with Marilyn as president and George as treasurer, Marilyn cannot also be corporate secretary.
Correct Answer:
Verified
Q24: The officers and the directors are fiduciaries
Q25: The issuance of favorably priced shares to
Q26: Claude is a shareholder in the Tel
Q27: The articles of incorporation, incorporation statute, and
Q28: In most states, an officer can be
Q30: Incorporation statutes generally require that each share
Q31: The Dodd-Frank Act requires that every year
Q32: Under the Statutory Close Corporation Supplement to
Q33: Determining the names of other shareholders in
Q34: In most states, a corporation may, with
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