In States Following the Model Business Corporation Act, the Corporation

question 12

True/False

In states following the Model Business Corporation Act, the corporation must have stock issued at all times that guarantees that there are shareholders with the necessary voting rights to take any required corporate actions.

---

Definitions:

Cognitive Psychologist

A professional who studies mental processes such as perception, memory, problem-solving, and decision-making.

False Beliefs

Concepts or ideas that are accepted as true despite lacking evidence or logical backing.

Cognitive Therapist

A type of psychotherapist who helps patients identify and correct distorted thinking patterns that can lead to feelings and behaviors that are problematic.

Depressed Client

A person receiving therapy or counseling services who is experiencing symptoms of depression, such as persistent sadness or loss of interest in activities.