Shareholders Have a Vested Property Right Resulting from the Provisions

question 43

True/False

Shareholders have a vested property right resulting from the provisions in the articles of incorporation and therefore must give approval for any amendments to the articles.

---

Definitions:

Defenses

Psychological mechanisms that protect individuals from perceived threats or uncomfortable realities, often by distorting reality in some way.

Conscious Forms

A concept referring to entities or phenomena that possess awareness or consciousness, often explored in philosophy and cognitive science.

Reality Therapy

A form of counseling developed by William Glasser that emphasizes personal responsibility and focuses on the present.

Existential Guilt

A condition arising from feeling responsible for not fully utilizing one's freedom to choose or for not living authentically according to one's values and potential.