Fundamental Changes to a Corporation

question 48

Multiple Choice

Fundamental changes to a corporation:

• A) fall within the authority of the board of directors.
• B) include the sale of substantially all of the corporation's assets in the regular course of business.
• C) need to be approved by shareholders,by a majority of the shares present at a meeting at which a quorum is present,under the 1999 amendments to the Revised Act.
• D) require unanimous shareholder approval.

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Definitions:

Vomer

A thin, flat bone forming the lower part of the nasal septum, which divides the left and right airways in the nose.

Sphenoid

Wedge-shaped.

Appendicular Skeleton

The portion of the skeleton that includes the bones of the limbs and the supporting bone girdles (pectoral and pelvic) that connect them to the central body, or axial, skeleton.

Limbs

Extremities of the body used for movement and interaction with the environment, such as arms and legs in humans.