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question 59

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Definitions:

Model Nonprofit Corporation Act (MNCA)

A template legislation that provides a basis for the statute governing nonprofit corporations in some states.

Quorum

The minimum number of members required to be present at a meeting to legally conduct business.

Votes Entitled

The number of votes a shareholder or member is authorized to cast in a company's or organization's decision-making process.

Illegal Distribution

involves the unauthorized selling or distribution of goods or services, often violating copyright laws or regulatory statutes.

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