Where a Shareholder Believes That a Director Has Acted Improperly

question 37

Multiple Choice

Where a shareholder believes that a director has acted improperly as against the interests of the corporation, he or she will commence

• A) a rectification action.
• B) a dissolution action.
• C) a derivative action.
• D) a prejudicial relief action.
• E) an ultra vires declaration action.

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Definitions:

Plasma Membrane

The double layer of lipids surrounding the cell's cytoplasm, controlling the entry and exit of materials to and from the cell.

Mitotic Spindle

A structure formed during cell division, composed of microtubules, which separates chromosomes into daughter cells ensuring accurate DNA distribution.

Anaphase

A stage during cell division where replicated chromosomes are split and the newly-copied chromosomes are moved to opposite poles of the cell, leading to cell division.

Prophase

The first stage of cell division in both mitosis and meiosis where chromosomes become visible and the nuclear envelope dissolves.