Which of the following may be used to redress the ultra vires acts committed by a corporation?
A) Proceeding by shareholders for an injunction.
B) Suit by the corporation or shareholders derivatively against present or former directors or officers for commission of the acts.
C) A proceeding by the attorney general of the state of incorporation to enjoin it from the transaction of unauthorized business.
D) All of the above may be used.
Correct Answer:
Verified
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