According to the Model Nonprofit Corporation Act (MNCA) ,what is the minimum number of members that a nonprofit corporation is required to have?
A) 50
B) 1
C) 10
D) 0
Correct Answer:
Verified
Q40: Under the Model Business Corporation Act (MBCA),a
Q41: _ are long-term,unsecured debt securities.
A)Options
B)Warrants
C)Bonds
D)Debentures
Q42: Promoters of a youth-oriented magazine publishing business
Q43: According to the MBCA,who amongst the following
Q44: Shares permitted to be issued by a
Q46: N-Gate Corporation (NGC)was defectively organized.As a result,not
Q47: When the promoters of a business substantially
Q48: Generally,_ have a shorter duration than debentures
Q49: N-Ext Corp.(NEC)was defectively organized.As a result,even a
Q50: To retain its status as a corporation
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