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    Legal Environment of Business
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    Exam 15: Corporations
  5. Question
    The Revised Model Business Corporation Act Mandates That All Corporations
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The Revised Model Business Corporation Act Mandates That All Corporations

Question 73

Question 73

True/False

The Revised Model Business Corporation Act mandates that all corporations (other than
single-member corporations)maintain a board of directors with at least three members who are independent of the officers and shareholders.

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