In most states, a director cannot be removed without cause unless the shareholders have reserved the right to do so at the time of election.
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Q2: In most states, an individual cannot hold
Q3: The board of directors normally can remove
Q4: Restrictions on the transfer of shares in
Q5: Usually, the shareholder who receives watered stock
Q6: Normally, a corporate board of directors appoints
Q8: Preemptive rights permit a director to veto,
Q9: Each director can access the corporation's facilities
Q10: Each director present at a meeting of
Q11: Most states do not permit the corporate
Q12: A court will dismiss a derivative suit
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