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    Business Law and the Regulation of Business Study Set 2
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    Exam 33: Nature and Formation of Corporations
  5. Question
    The Statutory Close Corporation Supplement to the Model and Revised
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The Statutory Close Corporation Supplement to the Model and Revised

Question 27

Question 27

True/False

The Statutory Close Corporation Supplement to the Model and Revised Acts applies only to corporations having fewer than 100 shareholders that elect statutory close corporation status.

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