Multiple Choice
Which of the following may be used to redress the ultra vires acts committed by a corporation?
A) Proceeding by shareholders for an injunction.
B) Suit by the corporation or shareholders derivatively against present or former directors or officers for commission of the acts.
C) A proceeding by the attorney general of the state of incorporation to enjoin it from the transaction of unauthorized business.
D) All of these may be used.
Correct Answer:
Verified
Correct Answer:
Verified
Q58: Norez Corporation is incorporated in the state
Q59: Opal, a promoter of Victory Corporation, has
Q60: The Revised Act authorizes shareholders in closely
Q61: Discuss what is required in most states
Q62: Under the Statutory Close Corporation Supplement to
Q62: A corporation has no constitutional protection against
Q64: Most incorporation statutes have adopted an intermediate
Q65: The incorporators would typically do which of
Q66: Which of the following is not a
Q67: Corporate powers granted by the RMBCA include