Marjorie Is a Member of the Board of Directors of Techno

question 28

Multiple Choice

Marjorie is a member of the board of directors of Techno Ko Corp.She would like to have the corporation lend her some money so that she can begin another business venture.Which of the following is correct regarding loans of a corporation to one of its directors?

• A)The Model Act permits a corporation to lend money to its directors with a majority vote of the other directors.
• B)The Sarbanes-Oxley Act prohibits any publicly held corporation from making personal loans to its directors or ^{executive officers, with certain limited exceptions.}
• C)Both the Model Act and the Revised Act prohibit loans to directors in all cases.
• D)The Sarbanes-Oxley Act permits a publicly held corporation to make personal loans to its directors or executive officers only with the consent of the shareholders.

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Definitions:

Signs of Approaching Death

Refers to the physiological and psychological indicators that suggest an individual may be nearing the end of their life, often observed in palliative care settings.

Practical Matters

Practical matters concern the everyday or realistic aspects of life, focusing on pragmatic and actionable tasks or solutions to problems.

Add Comfort

To provide relief, ease, or consolation in times of distress or discomfort.

Immediate Family

Refers to a person's closest relatives, typically including parents, siblings, spouse, and children.