What is generally required for fundamental changes in the corporation?

Question

Quizplus · Accepted Answer

Board initiative is generally required for any fundamental changes in the corporation, for example, amendment of the articles of incorporation, merger of the corporation, sale of all or substantially all of the corporation's assets, and voluntary dissolution of the corporation. The initiative process requires that the board of directors propose the matter to the shareholders, who then must approve the action.

What Is Generally Required for Fundamental Changes in the Corporation