Once the Number of Board of Directors Is Fixed by the Articles

question 63

True/False

Once the number of board of directors is fixed by the articles of incorporation, the number cannot be amended.

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Definitions:

UCC

Uniform Commercial Code, a comprehensive set of laws that govern commercial transactions in the United States, aimed at standardizing practices across states.

Counteroffer

A response to an offer in negotiations that presents different terms than originally proposed, effectively rejecting the initial offer.

Original Offer

The initial proposal or terms presented during negotiations or when making a deal, before any modifications are made.

Communicated By Words

Information or messages that are transmitted or conveyed through spoken or written language.