Section 301 Requires Compliance with Its Provisions as a Precondition

question 50

Multiple Choice

Section 301 requires compliance with its provisions as a precondition to companies being publicly traded. Companies not in compliance with Section 301 can be:

• A) Charged in Federal District Court with a civil violation.
• B) Placed on probation, or be delisted, by the SEC.
• C) Audited by the IRS.
• D) There is no penalty for non-compliance with Section 301.

---

Definitions:

Bones

The hard, dense connective tissue forming the skeleton of most vertebrates, serving as a framework for the body and protecting vital organs.

Kneecap

Also known as the patella, it is the bone that covers and protects the front of the knee joint.

Fibula

A long, thin bone located on the lateral side of the tibia in the lower leg.

Tibia

A large bone located in the lower leg, commonly known as the shinbone.