When a Majority of the Directors of a Corporation Are

question 43

Multiple Choice

When a majority of the directors of a corporation are not independent and the shareholders bring a derivative action against the directors,the burden of proving that the Zapata test has been met lies on the:

• A)company secretary.
• B)secretary of state.
• C)corporation.
• D)shareholders.

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Definitions:

Trypsinogen

An inactive enzyme precursor produced in the pancreas, that, once activated to trypsin, plays a key role in the digestion of proteins in the small intestine.

Cholecystokinin

Cholecystokinin is a hormone produced by the cells of the duodenum, involved in stimulating the digestion of fat and protein by triggering the gallbladder to release bile and the pancreas to secrete enzymes.

Gallbladder

A small, pear-shaped organ located beneath the liver, which stores and concentrates bile, a digestive fluid produced by the liver.

Hormone

Chemical messengers produced by endocrine glands that regulate various body functions, including growth, metabolism, and mood.