If a corporation has fewer than fifty shareholders,the Revised Model Business Corporation Act allows companies to ________.
A) choose not to file articles of incorporation
B) eliminate the board of directors altogether
C) have as few as seven corporate directors
D) have as few as five corporate directors
E) have as few as three corporate directors
Correct Answer:
Verified
Q21: Which of the following is false regarding
Q75: A director may be removed _.
A)at the
Q77: Which of the following types of securities
Q78: _ own(s)the corporation.
A)Directors
B)Officers
C)Shareholders
D)Affiliates
E)The state
Q79: _ directors are outside directors who have
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Q82: A(n)_ occurs when a target corporation offers
Q83: Generally,a quorum of shareholders exists when shareholders
Q84: How much must a shareholder who signs
Q85: _ may be redeemed for a certain
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