Action Taken by Shareholders Without Holding a Meeting Is Valid

question 50

True/False

Action taken by shareholders without holding a meeting is valid under the RMBCA if it is evidenced by a written consent signed by all the shareholders entitled to vote on the action.

---

Definitions:

Unfairly Stigmatize

To unjustly assign a mark of disgrace or infamy to an individual or group.

Diplomatic

Pertaining to the skillful management of relationships and negotiation between people or nations in a tactful and effective manner.

Passive Voice

A grammatical voice wherein the subject of the sentence is acted upon by the verb, often de-emphasizing the doer of the action.

Problem

A situation, question, or issue that is difficult to deal with, solve, or overcome.