In most states, an individual cannot hold more than one corporate office and be both an officer and a director of the corporation.
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Q1: Directors and officers must subordinate the welfare
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
Q7: In most states, a director cannot be
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
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