To Maintain Status as a Corporation, the Corporation Must

question 59

Multiple Choice

To maintain status as a corporation, the corporation must

• A) reapply for a charter annually.
• B) submit its bylaws to the secretary of the state of incorporation every year.
• C) hold annual meetings of both the shareholders and the board of directors.
• D) properly declare annual dividends.

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Definitions:

Divorce

The official annulment of marriage through a decision made by a court or an authorized agency.

Irreparable Harm

Damage or injury that is permanent, irreversible, or incapable of being rectified or compensated for by any means.

Achievement

The successful completion or reaching of a goal through effort or skill, recognized by society or one's self.

Beliefs and Attitudes

Internal thoughts and feelings that shape one's worldview and reactions to various situations.