Which of the following classes of corporation may not distribute surplus revenue from its operations to its members?

Question

Quizplus · Accepted Answer

Not-for-profit corporations do not issue stock and do not expect to make a profit.Instead,they provide services to their members under a plan that eliminates any profit motive.These corporations have members rather than shareholders,and none of the surplus revenue from their operations may be distributed to their members.

Which of the Following Classes of Corporation May Not Distribute