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.

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Definitions:

Oxygen Balance

Oxygen balance is a concept in chemistry, particularly in the analysis of explosive materials, referring to the ratio between the oxygen available and required for complete oxidation of the combustible components of a compound.

Kinetic-Molecular Theory

The kinetic-molecular theory explains the behavior of gases, including their volume, temperature, and pressure, based on the idea that gases consist of small particles in random motion.

Boyle's Law

Boyle's Law is a gas law stating that the pressure of a given mass of an ideal gas is inversely proportional to its volume at a constant temperature.

Charles' Law

A gas law stating that, at constant pressure, the volume of a gas increases or decreases by the same factor as its temperature increases or decreases.