The Articles of Incorporation Set the Rules That Regulate the Internal

question 215

True/False

The articles of incorporation set the rules that regulate the internal structure of a corporation.

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Definitions:

Remains Liable

Continues to be legally responsible or obligated.

Debt

An amount of money that is owed or due to be paid, typically as a result of borrowing or a financial agreement.

Minutes

The official written records of the discussions and decisions made during formal meetings.

Board Of Directors

The Board of Directors is a group of individuals elected to represent shareholders and oversee the management and major decisions of a corporation.