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:

Common Bile Duct

A duct in the digestive system that conveys bile from the liver and gallbladder to the duodenum.

Cystic Duct

A short duct that connects the gallbladder to the common bile duct, which then carries bile to the intestine.

Hepatic Duct

The duct that carries bile from the liver into the common bile duct, which then heads towards the gallbladder or intestine.

Pancreatic Duct

A channel in the pancreas that transports digestive enzymes and bicarbonate from the pancreas to the duodenum.