Many corporation statutes,unlike the MBCA,state that the same person may not hold the offices of ________ and ________.

Question

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Many corporation statutes provide that the officers of a corporation shall be the president,one or more vice presidents,a secretary,and a treasurer.Usually,any two or more offices may be held by the same person,except for the offices of president and secretary.Under the MBCA,one person may hold several offices,including the offices of president and secretary.

Many Corporation Statutes,unlike the MBCA,state That the Same Person May