In Order to Qualify as a Close Corporation, the Majority

question 35

True/False

In order to qualify as a close corporation, the majority of shares must be held by one person.

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Definitions:

Wolffian System

A part of the embryonic male reproductive system that develops into the epididymis, vas deferens, and seminal vesicles in males.

Amniotic Sac

The sac containing the fetus.

Androgens

A group of hormones that play a role in male traits and reproductive activity; present in both males and females, they are typically higher in males.

Oxytocin

A hormone that acts as a neurotransmitter in the brain, playing roles in social bonding, reproduction, childbirth, and the period after childbirth.