Multiple Choice
To retain its status as a corporation in good standing,a corporation must:
A) pay an annual franchise fee or tax.
B) hold an annual shareholders' meeting.
C) pay an annual dividend to shareholders.
D) hold an annual board of directors' meeting.
Correct Answer:
Verified
Correct Answer:
Verified
Q42: As per the Model Nonprofit Corporation Act
Q43: Sharon entered into a preincorporation share subscription
Q44: A passive investor who believes she has
Q45: Pamela is a corporate promoter for Nulla
Q46: If the secretary of state's office approves
Q48: According to the Model Nonprofit Corporation Act
Q49: There is no limit on the number
Q50: Promoters are personally liable on a preincorporation
Q51: According to the MBCA,who amongst the following
Q52: Because the articles of incorporation embody the