Under general incorporation laws, _____.
A) incorporation is a legislative privilege, not a right
B) the secretary of state has to issue a certificate of incorporation
C) the corporation's shareholders have to make a decision regarding incorporation
D) incorporation is a legislative privilege as well as a right
Correct Answer:
Verified
Q29: A basic principle of corporation law is
Q30: Under the revised Model Business Corporation Act
Q31: All business corporations derive their existence from
Q32: Massachusetts courts require that the parties expressly
Q33: According to the Model Business Corporation Act
Q35: A de facto corporation:
A) could be challenged
Q36: The bylaws of a corporation:
A) usually set
Q37: Under the revised Model Business Corporation Act,
Q38: A _ existed when there was an
Q39: Which of the following statements is true
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