The 2016 RMBCA Provides a Statutory Ratification Procedure for Shares

question 71

Multiple Choice

The 2016 RMBCA provides a statutory ratification procedure for shares that may have been improperly issued. Upon the effectiveness of the ratification, the overissued shares are valid shares as of

• A) the date  originally  issued.
• B) the date  of the ratification .
• C) whatever time set forth in the bylaws has passed.
• D) the date the overissue is discovered.

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