The Revised Model Act Would Permit the Directors to Avoid

question 56

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:

Penguin Colonies

Groups of penguins that live together in specific locations for breeding, feeding, and shelter.

PR

Public Relations, which involves managing and disseminating information from an individual or an organization to the public in order to affect their public perception.

Breathable Socks

Socks designed with materials that allow air to circulate, keeping feet dry and comfortable by reducing moisture buildup.

Ecotourism

A form of sustainable travel to natural areas, aiming to conserve the environment, respect the local culture, and promote economic development for local communities.