Multiple Choice
RSS Bank is registered as a corporation in Maryland.Apart from its financial objectives,the company has also formed a legal requirement to work for the welfare of the elderly citizens in the state.The bank is obligated to work for the cause even if there is a change in ownership.Based on this information,it can be concluded that RSS bank is a(n) ________.
A) public corporation
B) benefit corporation
C) unlimited company
D) S corporation
E) not-for-profit company
Correct Answer:
Verified
Correct Answer:
Verified
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