Action Taken by Shareholders Without Holding a Meeting Is Valid

question 50

True/False

Action taken by shareholders without holding a meeting is valid under the RMBCA if it is evidenced by a written consent signed by all the shareholders entitled to vote on the action.

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Definitions:

Agentic State

A frame of mind thought by Milgram to characterize unquestioning obedience, in which people as agents transfer personal responsibility to the person giving orders.

Psychological Detachment

A mental state of disconnection or removal from work-related thoughts and activities during non-work time, aiding in recovery and wellness.

Stressful Conditions

Situations or environments that place a high demand on an individual, potentially causing psychological or physical stress responses.

Intergroup Theory

A framework explaining how individuals perceive and behave in group contexts, focusing on relations between different groups.