The articles of incorporation:
I.describe the purpose of the firm.
II.are amended periodically.
III.set forth the number of shares of stock that can be issued.
IV.detail the method that will be used to elect corporate directors.
A)I and III only
B)I and IV only
C)II and III only
D)II and IV only
E)I, III, and IV only

Question

Quizplus · Accepted Answer

The articles of incorporation typically include the purpose of the firm and set forth the number of shares of stock that can be issued. They may not necessarily detail the method for electing corporate directors, as that is often covered in the bylaws. Amendments to the articles can occur but are not a defining feature.

The Articles of Incorporation