According to the Amendments to the Revised Act from 2014

question 60

True/False

According to the amendments to the Revised Act from 2014 and 2016, corporations may include in their articles of incorporation a provision that allows a director or an officer to chose to not present a business opportunity to the corporation.

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Definitions:

Government Interference

Actions taken by government bodies that affect the operations of businesses, markets, or individual rights, often scrutinized for their impact on free enterprise and personal freedoms.

Government Action Requirement

The necessity for government intervention, typically in legal or regulatory matters.

State Action

Activities or measures taken by government agencies or officials in their official capacities.

Government Regulation

The act of controlling, directing, or managing activities, industries, or market practices through laws and rules set forth by government agencies.