Why Are Shareholders Required to Hold a Meeting Within the First

question 32

Multiple Choice

Why are shareholders required to hold a meeting within the first 18 months of the date of incorporation?

• A) to authorize the issuance of shares and other securities by the directors
• B) to replace first directors with directors who have made banking arrangements
• C) to replace first directors with directors who will hold office until the annual meeting
• D) to authorize the appointment of officers to manage the operations of the corporation

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Definitions:

Bacterial Chromosome

The circular DNA found in bacteria that contains all of the genetic information necessary for cell function and reproduction.

Circular DNA Molecule

DNA that forms a closed loop, found in prokaryotes and in the mitochondria and chloroplasts of eukaryotic cells.

Bidirectionally

In a manner that allows movement or communication in two opposite directions.

Okazaki Fragments

Short sequences of DNA nucleotides which are synthesized discontinuously and later linked together by the enzyme DNA ligase to create the lagging strand during DNA replication.