In most states, but not under the Revised Act, cumulative voting is permissive and not mandatory.
Correct Answer:
Verified
Q19: The articles of incorporation, incorporation statute, and
Q20: Notice of a shareholder's meeting may be
Q21: Directors who are also officers or employees
Q22: The Revised Act requires that demand be
Q23: A quorum of shares must be present
Q25: Incorporation statutes generally require that each share
Q26: Unissued shares and treasury stock must be
Q27: Any limits on the duration of the
Q29: The members of the board of directors
Q37: Under the Statutory Close Corporation Supplement to
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