If a corporation has fewer than ________ shareholders,the Revised Model Business Corporation Act allows companies to eliminate the board of directors entirely.

Question

Quizplus · Accepted Answer

A)If a corporation has fewer than 50 shareholders,Section 7.32 of RMBCA allows companies to eliminate the board of directors altogether.
B)If a corporation has fewer than 50 shareholders,Section 7.32 of RMBCA allows companies to eliminate the board of directors altogether.
C)If a corporation has fewer than 50 shareholders,Section 7.32 of RMBCA allows companies to eliminate the board of directors altogether.
D)If a corporation has fewer than 50 shareholders,Section 7.32 of RMBCA allows companies to eliminate the board of directors altogether.
E)If a corporation has fewer than 50 shareholders,Section 7.32 of RMBCA allows companies to eliminate the board of directors altogether.

If a Corporation Has Fewer Than ________ Shareholders,the Revised Model