A Corporation May Purchase Its Own Shares Only Out of Earned

question 62

True/False

A corporation may purchase its own shares only out of earned surplus unless the articles of incorporation or the shareholders permit purchase out of capital surplus.

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Definitions:

Self-harm

Intentional, direct injury of one's own body tissue, often done as a way to cope with distressing psychological pain.

Abuse

The maltreatment of a person, causing physical, psychological, or sexual harm, often by someone in a position of power.

Health Insurance

A form of insurance coverage that pays for medical and surgical expenses incurred by the insured, helping to alleviate the cost of healthcare.

Adolescents

A developmental stage referring to individuals typically between the ages of 10 and 19, characterized by rapid physical, cognitive, and emotional changes.