Under the RMBCA, the Charter of the Corporation Is Required

question 38

Multiple Choice

Under the RMBCA, the charter of the corporation is required to provide all of the following EXCEPT:

• A) the number of shares authorized.
• B) the street address of the registered office.
• C) names of the initial directors.
• D) the name and address of each incorporator.

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Definitions:

Annual Dividend

The total dividend payment a company makes to its shareholders in a year.

Compounded Monthly

A method of calculating interest in which the interest accrued in each month adds to the principal for the calculation of subsequent interest.

Effective Annual Rate

The interest rate that is annually compounded, taking into account the effects of compounding.

Perpetuity

A type of annuity that pays an infinite series of cash flows, with no end date.