Under the Revised Act, If the Charter Simply States That

question 41

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 as compensation to directors, officers, and employees.
• B) shares issued within six months of incorporation.
• 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.

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Definitions:

Graduate School

An advanced program of study focused on a particular academic discipline or profession, typically pursued after obtaining an undergraduate degree.

Education Level

Refers to the highest degree or level of school completed or the highest degree received.

Downtown Washington

Refers to the central business district of Washington, D.C., known for its historical and political landmarks.

Freshman Year

The first year of a student's journey in higher education or high school.