Under the Model Act,a corporation must have at least one director unless all shareholders agree to eliminate the board or the corporation has fewer than _____ shareholders.
A)10
B)25
C)50
D)100

Question

Quizplus · Accepted Answer

Under the Model Act, a corporation must have at least one director, unless all shareholders agree to eliminate the board or the corporation has fewer than 50 shareholders. Therefore, the correct answer is C) 50.

Under the Model Act,a Corporation Must Have at Least One