Which of the Following Is an Effective Means of Notice

question 34

Multiple Choice

Which of the following is an effective means of notice to purchasers of shares that there are restrictions on the sale?

• A) notation in the bylaws
• B) resolution of the shareholders at a shareholders' meeting
• C) notation on the stock certificate
• D) resolution of the directors at a directors' meeting

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Definitions:

Cabinet Departments

Major administrative units in the executive branch of the U.S. federal government, each headed by a Secretary, that advise the President and execute government policy.

Final Rules

The definitive set of regulations issued by an authority after considering public feedback on the proposed rules.

Binding Legal Effect

Describes an agreement or action that is legally enforceable in a court of law.

Administrative Agencies

Governmental bodies responsible for enforcing laws and regulations within specific areas of expertise and jurisdiction.