Which of the Following Is Untrue About Fundamental Changes of Corporations

question 25

Multiple Choice

Which of the following is untrue about fundamental changes of corporations?

• A) Fundamental changes include charter amendments, mergers, consolidations, and dissolution.
• B) Fundamental changes of corporations are authorized by state incorporation statutes.
• C) Shareholder approval for fundamental changes usually needs to be unanimous.
• D) The 1999 revisions to the RMBCA contained substantial revisions to the RMBCA's treatment of fundamental changes.

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Definitions:

Widow

A woman who has lost her spouse by death and has not remarried.

Concentrate

To focus one's attention or mental effort on a specific object, task, or activity.

Sleeping

The natural state of rest characterized by altered consciousness, relatively inhibited sensory activity, and reduced muscle activity, vital for health and well-being.

Mortality

The state of being mortal or the incidence of death within a specific population or demographic.