In States Following the Model Business Cor- Poration Act, Foreign

question 11

Multiple Choice

In states following the Model Business Cor- poration Act, foreign corporations that no longer transact business in a foreign state must

• A) file a revocation of certificate of authority with the secretary of state of the foreign state.
• B) file an application for a certificate of withdrawal with the secretary of state of the foreign state.
• C) file an application for certificate of with- drawal with the secretary of state of the corporation's state of domicile.
• D) publish a notice of withdrawal in a news- paper where the registered office of the foreign corporation is located within the foreign state.

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Definitions:

Social Overhead Capital

Public capital investments in infrastructure like roads, schools, and hospitals, which are necessary for economic activity but not directly profitable.

Human Capital

Refers to the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Financial Capital

Economic resources measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or provide their services.

Peer Lending

A financing method where individuals lend and borrow money to each other directly without the intervention of traditional financial institutions.