Which of the Following Powers of State Incorporation Statutes Are

question 71

Multiple Choice

Which of the following powers of state incorporation statutes are typically granted to corporations?

• A) State incorporation statutes give corporations the power to make charitable contributions.
• B) State incorporation statutes prohibit corporations from loaning money because that is within the realm of state banks recognized by the state banking regulatory authority.
• C) State incorporation statutes give corporations existence for up to 100 years.
• D) State incorporation statutes expressly state the powers granted to corporations thereby negating the existence of implied powers.
• E) State incorporation statutes generally expressly give corporations only the broad authority to operate within the law to the benefit of stockholders resulting in most actions of corporations arising from implied powers.

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