True/False
Any power expressly set out in the bylaws of a corporation is ultra vires.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q27: Finn and Glenda want to form and
Q31: A public corporation is also known as
Q33: Promoters, not incorporators, must execute the articles
Q34: Unlike a principal and agent, a corporation
Q34: Digitech is a foreign corporation,which means that
Q35: Any person who buys common stock acquires
Q37: Corporate bylaws must be approved by the
Q38: Express powers of a corporation can be
Q39: A corporation has perpetual existence in most
Q41: Lita is a holder of preferred stock