The Revised Model Business Corporation Act Would Permit the Directors

question 32

Multiple Choice

The Revised Model Business Corporation Act would permit the directors to avoid a shareholder vote for which of the following amendments to the articles of incorporation?

• A) Changing the name from Oskcamp Brown Corporation to McDuddy Corporation
• B) A change from duration of 99 years to perpetual life
• C) Authorizing a new class of stock
• D) Adding to the number of directors

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Definitions:

Mental Set

A cognitive framework or mindset that influences how a person approaches and solves problems, often based on past experiences and perceptions.

New Problems

Issues or challenges that have not been previously encountered or recognized.

Confirmation Bias

The tendency to interpret new evidence as confirmation of one's existing beliefs or theories.

Proposition

A statement or assertion that expresses a judgment or opinion, or in logic, a statement that can be either true or false.