A Corporation Can Issue More Shares Than It Is Authorized

question 119

True/False

A corporation can issue more shares than it is authorized in its charter if the board of directors approves an increase in the number of authorized shares.

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Definitions:

NMR Spectroscopy

A spectroscopic method that utilizes the magnetic characteristics of specific atomic nuclei to identify the physical and chemical properties of atoms or the molecules they are part of.

Cyclohexane

A saturated hydrocarbon with the formula C6H12, featuring a ring structure of six carbon atoms.

Axial

"Axial" refers to positions or orientations along the axis of a molecule, usually in cyclic compounds, opposed to equatorial positions which are off the axis.

Equatorial

Referring to the position of substituents in a cyclohexane ring, where they are oriented parallel to the equator of the molecule, leading to less steric strain.