Which of the Following Attracts the Dissent Procedure, Which Can

question 109

Multiple Choice

Which of the following attracts the dissent procedure, which can result in the corporation being forced to buy the shares of a shareholder at market value?

• A) When the directors have hidden behind the corporate structure to do a wrong sufficiently serious that the courts would have lifted the corporate veil.
• B) If the directors of a non-reporting corporation fail to allot new shares proportionately to the members.
• C) When the directors of the corporation fail to enforce a right, duty, or obligation owed to the corporation that could be enforced by the corporation.
• D) When the directors conduct the affairs of the corporation in a manner oppressive to one or more of the members.
• E) When major changes are made in the best interests of the corporation that will adversely affect one group of shareholders.

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Definitions:

Neurotransmitter

Chemicals released by neurons to transmit signals across a synapse to another neuron, muscle cell, or gland.

Calcium Channel

Calcium channels are protein-based channels within cell membranes that selectively allow calcium ions to move into or out of a cell, playing critical roles in various physiological processes including muscle contraction, neurotransmission, and gene expression.

Myelin Sheath

A fatty layer that surrounds nerve fibers, providing insulation and increasing the speed of electrical transmission along the neuron.

Receptor

A protein on the surface of a cell or inside it that binds to specific molecules, triggering a specific effect in the cell, such as a response to hormones or neurotransmitters.