The Revised Model Act Would Permit the Directors to Avoid

question 56

Multiple Choice

The Revised Model Act would permit the directors to avoid a shareholder vote for which of the following amendments to the articles of incorporation?

• A) Changing the name from The Oscar Company to McDuddy Corporation.
• B) A change from duration of 99 years to perpetual life.
• C) Authorizing a new class of stock.
• D) Adding to the number of directors.

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Definitions:

Formal Style

A mode of communication or presentation that is structured, follows established conventions, and is often used in professional or official contexts.

Mutual Survival

Is the concept that individuals or entities work together in cooperation, recognizing that their interests are interdependent and that their long-term survival benefits from common efforts.

Distributive Negotiations

A negotiation method focused on dividing limited resources between parties, where any gain by one party is a loss for the other.

Consensus

General agreement among members of a group or community, often used in decision-making processes to ensure collective support.