Multiple Choice
Under most state statutes,a corporation may
A) include in its charter a provision indemnifying directors unless they have engaged in intentional misconduct or bad faith.
B) include in its charter a provision indemnifying directors under any circumstances in the conduct of their duties for the corporation.
C) not include in its charter a provision indemnifying directors who engage in negligent conduct of their duties.
D) not include in its charter any provisions regarding indemnification of directors.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: A business corporation can be incorporated under
Q10: Identify four circumstances that might persuade a
Q11: Mike is planning on incorporating his business
Q12: Incorporators are required to sign the charter,deliver
Q13: Who elects the officers of a corporation?<br>A)the
Q15: MegaCorp is incorporated under Delaware law.It is
Q16: When a company dissolves,preferred stockholders typically have
Q17: Hank owns 100 shares of cumulative preferred
Q18: Common stock is the last stock in
Q19: What is an exculpatory clause?<br>A)a requirement that the