True/False
In most states, a director cannot be removed without cause unless the shareholders have reserved the right to do so at the time of election.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q6: Lewis is a director of Mines &
Q7: Most states do not permit the corporate
Q8: Sophie and Tiny incorporate their beverage-container business
Q9: Shareholders own the corporation, and they have
Q10: Char and Doug are officers of Eden
Q13: A straight majority vote of the shares
Q14: Orsa is a shareholder in Pickles &
Q15: Renee is a director of Sharp Focus
Q16: Directors cannot use corporate funds or confidential
Q72: Donatello is a director and officer of