A _____ authorizes any corporation to adopt a specific amendment to its articles of incorporation that removes breach of duty as a cause of action for monetary damages against directors.
A) charter option statute
B) self-executing statute
C) cap on monetary damages statute
D) SEC oversight statute
Correct Answer:
Verified
Q33: A charter option statute authorizes a corporation
Q34: Which of the following does "ex officio"
Q35: Distanet Corporation and Telenex Corporation are competitors
Q36: The _ binds the corporation on receipts,
Q37: The vice president of a corporation:
A) cannot
Q39: The _ usually keeps the minutes of
Q40: A law that holds that directors will
Q41: A corporation is:
A) liable for all torts
Q42: A director who has acted in bad
Q43: With regard to the duty of directors
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