Multiple Choice
When a vacancy occurs on a corporate board, how the position will be filled is most likely set forth in
A) the corporation's articles or bylaws.
B) shareholder proxies.
C) the business judgment rule.
D) the board's recorded minutes.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q25: Local Oil Inc. is a private, for-profit
Q26: To pierce the corporate veil means to
Q27: Funds invested in an existing corporation to
Q28: Masonry Inc.'s stated purpose is to perform
Q29: An S corporation avoids taxes at<br>A)none of
Q31: Agents and employees of Deco Arts Corporation
Q32: When it comes to managing a corporation,
Q33: Directors, but not officers, are fiduciaries of
Q34: Holly is an officer of Indelible Inc.
Q35: The number of directors that serve on