The revised Model Business Corporation Act (MBCA) does not permit promises of future services and promissory notes to be exchanged for shares.
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Q2: The rights of preferred shareholders may vary
Q3: All states require a written proxy.
Q4: The value assigned to shares in the
Q5: A corporation must issue some common stock.
Q6: The Model Business Corporation Act (MBCA) gives
Q8: Dividends on cumulative preferred stock, if not
Q9: If a corporation has only one class
Q10: Debentures may not have a term of
Q11: If a corporation has only one class
Q12: Sometimes a value is assigned to the
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