Which of the following types of persons may not assert the ultra vires defense?
A) A state's attorney general,who may have the power to enjoin an ultra vires act or to dissolve a corporation that exceeds its powers
B) A shareholder seeking to enjoin a corporation from executing a proposed action that is ultra vires
C) A CEO of a corporation suing the board of directors when they fail to meet the qualifications of the business judgment rule
D) The corporation suing its management for damages caused by exceeding the corporation's powers
Correct Answer:
Verified
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