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The 2016 RMBCA Provides a Statutory Ratification Procedure for Shares

Question 71

Multiple Choice

The 2016 RMBCA provides a statutory ratification procedure for shares that may have been improperly issued. Upon the effectiveness of the ratification, the overissued shares are valid shares as of


A) the date  originally  issued.
B) the date  of the ratification .
C) whatever time set forth in the bylaws has passed.
D) the date the overissue is discovered.

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