Why Are Shareholders Required to Hold a Meeting Within the First

Multiple Choice

Why are shareholders required to hold a meeting within the first 18 months of the date of incorporation?

A) to authorize the issuance of shares and other securities by the directors
B) to replace first directors with directors who have made banking arrangements
C) to replace first directors with directors who will hold office until the annual meeting
D) to authorize the appointment of officers to manage the operations of the corporation