Which of the Following Must Be Used in Order to Circumvent

question 27

Multiple Choice

Which of the following must be used in order to circumvent the general powers of the directors of a corporation to manage or supervise the ongoing business and affairs of a corporation?

• A) provisions made in the bylaws or unanimous shareholders agreement
• B) resolution of the majority shareholders of the corporation
• C) provisions contained in the bylaws or a shareholders agreement
• D) unanimous resolution of majority and minority shareholders

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Definitions:

Decimal Places

The count of figures positioned to the right side of the decimal point within a number.

Equation

A mathematical formulation where two expressions are set equal to each other, indicating a balance.

Expression

A combination of symbols and numbers that represents a particular quantity or operation, but does not include an equality sign.

Exponential Equation

An equation where the variable appears in the exponent, expressing the relationship between two quantities where one varies as a constant power of another.