Which of the Following May Be Used to Redress the Ultra

question 63

Multiple Choice

Which of the following may be used to redress the ultra vires acts committed by a corporation?

• A) Proceeding by shareholders for an injunction.
• B) Suit by the corporation or shareholders derivatively against present or former directors or officers for commission of the acts.
• C) A proceeding by the attorney general of the state of incorporation to enjoin it from the transaction of unauthorized business.
• D) All of these may be used.

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Definitions:

IREF

IREF often stands for reference current, a specific, stable current used as a reference point in electronic circuits for biasing and stabilizing purposes.

Internal Reference

A predetermined or fixed point within a system used as a standard for measurement or comparison.

ICON

A graphical symbol representing a program, function, data, or file on a computer interface.