True/False
Gribold, Inc. authorized and specified in its charter 8,000 shares of stock to be issued. If it later needs to issue stock in excess of 8,000 shares, the charter will have to be amended.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: The earned surplus test does not permit
Q27: What are the two major issues regarding
Q31: Dividends are ordinarily paid in cash, but
Q33: The directors of Premier Glass Company authorize
Q34: What right does a share confer on
Q35: Redemption of shares is not permitted if
Q38: Treasury stock is issued but not outstanding.
Q39: What are the principal sources for corporate
Q40: If a "liquidation preference" is provided, preferred
Q54: Even if it has been lawfully and