Which of the following statements is not true?
A)Corporations are required by law to have two stockholder meetings each year.
B)Stockholders must approve any amendment of the corporate charter.
C)Stockholders must approve the sale of certain corporate assets.
D)Corporations are required by law to distribute annual reports.
E)Stockholders may vote in person or by proxy.

Question

Quizplus · Accepted Answer

Corporations are not required by law to have two stockholder meetings each year. However, they must hold an annual meeting for stockholders to elect directors and discuss important corporate matters.

Which of the Following Statements Is Not True