Which of the Following Statements Is INCORRECT

Multiple Choice

Which of the following statements is INCORRECT?

A) Officers of a corporation do not have to be shareholders of a corporation.
B) Shareholders of a corporation can only vote for the election of directors if they appear in person at the shareholders' meeting.
C) Shareholders both appoint and can remove directors of a corporation.
D) Shareholders will get paid last in the event of a bankruptcy.
E) Directors can both appoint and remove officers of a corporation.