Under the Revised Act, a Director Who Is a Member

question 35

True/False

Under the Revised Act, a director who is a member of the board that declares an illegal dividend is not personally liable to the company for the amount that is illegal.

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Definitions:

Sensations

The physical feelings that result from stimulation of the sensory receptors.

Corpus Callosum

A large band of neural fibers connecting the two hemispheres of the brain, facilitating communication between them.

Visual Field

The total area in which objects can be seen in the peripheral vision while the eye is focused on a central point.

Split-Brain Patient

An individual who has undergone corpus callosotomy, a surgical procedure disconnecting the two hemispheres of the brain, often used to treat severe epilepsy.