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A Charter Option Statute Authorizes a Corporation to Adopt a Specific

Question 33

Multiple Choice

A charter option statute authorizes a corporation to adopt a specific amendment to its articles of incorporation to:


A) grant directors and officers blanket immunity.
B) remove breach of duty as a cause of action for monetary damages against directors.
C) limit director liability without the approval of the board of directors and the shareholders.
D) limit the maximum liability that may be imposed on directors to the sum of $100,000.

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