Under the Revised Act, If the Charter Simply States That

question 23

Multiple Choice

Under the Revised Act, if the charter simply states that the corporation elects to have preemptive rights, the shareholders have no preemptive rights with respect to:

• A) shares issued within six months of incorporation.
• B) shares issued as compensation to directors, officers, and employees.
• C) the corporation's unissued shares.
• D) Shares issued as compensation to directors, officers, and also employees and  shares issued within six months of incorporation.