The Revised Model Act Would Permit the Directors to Avoid

question 71

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:

Genetic Risk

The heightened chance of getting a certain disease or condition because of one's genetic constitution.

Depression

A common and serious medical illness that negatively affects how one feels, the way one thinks, and how one acts, characterized by feelings of sadness, loss of interest in activities, and a range of emotional and physical problems.

Stress

The body's response to any demand or challenge, which can be physical, mental, or emotional.

Diagnosable Mental Disorder

A mental health condition that meets specific criteria set by medical standards for diagnosis.