The 2016 RMBCA Provides a Statutory Ratification Procedure for Shares

question 71

Multiple Choice

The 2016 RMBCA provides a statutory ratification procedure for shares that may have been improperly issued. Upon the effectiveness of the ratification, the overissued shares are valid shares as of

• A) the date  originally  issued.
• B) the date  of the ratification .
• C) whatever time set forth in the bylaws has passed.
• D) the date the overissue is discovered.

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Definitions:

Divorce

The legal dissolution of a marriage by a court or other competent body.

Sexually Healthy

A state of physical, emotional, mental, and social well-being in relation to sexuality; it encompasses a positively respectful approach to sexuality and sexual relationships, as well as the possibility of having pleasurable and safe sexual experiences.

Adult Behaviors

Actions and mannerisms typically expected or observed in individuals who have reached the age of maturity.

Coming Out

The process of acknowledging one's own sexuality or gender identity to oneself or others.