A person must be a shareholder of a corporation to serve as a director.
Correct Answer:
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Q10: Shareholders do not have legal title to
Q11: A director may not sit on the
Q12: Corporate officers govern every corporation.
Q13: No state permits a corporate board to
Q14: Directors are responsible for all major corporate
Q16: A board of directors generally conducts business
Q17: A board of directors can delegate some
Q18: Shareholders own a corporation and the right
Q19: Shareholders may not vote to remove members
Q20: A director can be removed from a
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