The Revised Act Explicitly Requires a Corporations's Charter to Authorize

Multiple Choice

The Revised Act explicitly requires a corporations's charter to authorize:

A) one or more classes of shares that have limited voting rights.
B) one or more classes of shares that together are entitled to receive the net assets of the corporation upon dissolution.
C) Both are correct.
D) nothing. The Revised Act only recommends, not requires, the charter contents.