Which of the Following Is True of an Amendment of the Articles

question 25

Multiple Choice

Which of the following is true of an amendment of the articles of incorporation that does not affect the rights attached to shares?

• A) The shareholders need to propose a resolution of recommending such an amendment.
• B) The shareholders need to provide vote of approval for the amendment.
• C) The board of directors can approve the amendment without shareholder approval.
• D) The amendment need not be filed with the secretary of state of the state of incorporation.

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept developed in infancy.

Irreversibility

The concept that some processes or actions cannot be undone or reverted to their original state.

Assimilation

The process by which new information is taken in and incorporated into one's existing cognitive structures and schemas.

Centration

The cognitive tendency in early childhood to focus on one salient aspect of a situation while neglecting other possibly relevant aspects.