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:

Direction

Guidance or supervision towards the path or course to be followed.

Vigor

Physical strength, good health, or intense activity; the quality of being vibrant and energetic.

Activation

The process of stimulating something to increase its level of action or operational state, often used in biological and neurological contexts.

Directionality

The quality of being oriented in a specific direction; in psychology, it can refer to the focus or orientation of motives or behaviors.