In Most States,a Director Cannot Be Removed from a Corporate

question 34

True/False

In most states,a director cannot be removed from a corporate board for a breach of duty.

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Definitions:

Buildings

Fixed assets used for business operations, representing a significant financial investment and appearing as long-term assets on a company's balance sheet.

Land

An asset representing the ground or property not intended for sale in the regular course of business, often used in operations or investment.

Ordinary Maintenance

Refers to the routine upkeep and repair of equipment or facilities to ensure their continued operation and prevent major breakdowns.

Asset Improvements

Enhancements or modifications to an asset that increase its value or extend its useful life, often capitalized and depreciated over time.