Privately Held Corporations May Issue a _______ in Lieu of Conducting

question 49

Multiple Choice

Privately held corporations may issue a _______ in lieu of conducting a formal annual meeting.

• A) testament of meeting occurrence
• B) unanimous consent resolution
• C) statement of meeting substitution
• D) proof of alternative meeting

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Definitions:

Preference Shares

A class of ownership in a corporation with a fixed dividend, having priority over common shares in asset liquidation and dividends.