As Amended in 2002, the Revised Act Permits the Creation

question 45

True/False

As amended in 2002, the Revised Act permits the creation of classes or series of shares with terms that vary among holders of the same class or series so long as the variations are expressly set forth in the articles of incorporation.

---

Definitions:

Vital Capacity

The highest quantity of air one can release from their lungs following a maximal intake of air.

Inspiratory Reserve Volume

The additional amount of air that can be inhaled after a normal inhalation.

Expiratory Reserve Volume

The additional amount of air that can be forcibly exhaled after the completion of a normal, controlled exhalation.

Anatomic Dead Space

The portion of the respiratory system that conducts air but does not participate in gas exchange, including the nose, trachea, and bronchi.