In order to lease substantially all of a corporation's assets not in the usual course of business:
A) shareholder approval is necessary.
B) shareholder approval is required if so determined by a subjective test under the 1999 amendments to the Revised Act.
C) approval of the board and the majority of the corporation's outstanding shares is required; dissenting shareholders do not usually have an appraisal remedy.
D) shareholder approval is unnecessary, unlike for the sale of assets.
Correct Answer:
Verified
Q43: Which of the following is NOT a
Q44: If Sean, a shareholder who dissents to
Q45: Which of the following is untrue about
Q46: A consolidation:
A) has precisely the same result
Q47: In which of the following situations may
Q49: Which of the following statements about corporate
Q50: The combination of two or more corporations'
Q51: A(n) _ is a general invitation to
Q52: Liquidation of a corporation:
A) is carried out
Q53: If a company owns 90 percent or
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