The Model Business Corporation Act has made the inclusion of purpose clause in the articles compulsory.
Correct Answer:
Verified
Q3: Under the MBCA,only directors of a corporation
Q4: Delta Corporation's board of directors is considering
Q12: The total fairness test permits a shareholder
Q13: Straight voting permits a single holder of
Q14: The primary corporate objective is to make
Q14: The primary source of power for a
Q15: Unless the articles of incorporation state otherwise,directors
Q19: Corporate constituency statutes permit the board of
Q26: Directors' meetings:
A)require a majority number of directors
Q33: What was the original purpose of staggered
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