The RMBCA Provides That, Absent a Conflicting Provision in the Articles

question 16

Multiple Choice

The RMBCA provides that, absent a conflicting provision in the articles of incorporation, directors may be removed: ______.

• A) with or without cause by a majority vote of the shareholders.
• B) with cause by a majority vote of the shareholders, and without cause by a unanimous vote.
• C) with or without cause by a unanimous vote of the shareholders.
• D) only with cause.

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Definitions:

Discounted Cash Flow

An analysis method used to estimate the value of an investment based on its expected future cash flows, adjusted for time value of money.

Initial Investment

The amount of money used to start a project, venture, or purchase an investment, before any returns or profits are considered.

Project Profitability Index

The ratio of the net present value of a project’s cash flows to the investment required.

Internal Rate

Typically refers to the Internal Rate of Return (IRR), a financial metric used to estimate the profitability of potential investments.