According to the MBCA,all corporate powers shall be exercised by or under the authority of,and the business and affairs of a corporation shall be managed under the direction of:
A) the board of directors.
B) the president.
C) the shareholders.
D) the chairman of the board.
Correct Answer:
Verified
Q1: Directors are agents for the corporation by
Q12: Officers who,in good faith,enter into an ultra
Q12: The president cannot also be the secretary
Q14: Who is considered the owner of the
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Q17: Under the Delaware General Corporation Law,e-mail is
Q18: A director of a corporation has the
Q21: A director:
A)cannot be removed from office if
Q22: Vacancies on the board can be filled:
A)only
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