In States Following the Model Business Corporation Act, Shareholder Approval

question 12

Multiple Choice

In states following the Model Business Corporation Act, shareholder approval of a statutory plan of exchange

• A) is not necessary.
• B) does not require voting by voting groups.
• C) must be accomplished in the same manner as shareholder approval of a statutory merger.
• D) is not required of the target corporation.

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Definitions:

Economic Restructuring

The changes in the structure of an economy, affecting its sectors or industries, often driven by technological advancements or globalization.

Illegal Immigration

The act of moving into or living in a foreign country without the legal permission of the country's government.

Bureaucrats

Officials within an organization or government who strictly adhere to rules, procedures, and protocols.

Autonomous State

A concept where the state is seen as an independent entity, capable of making decisions and policies without external influences.