A Director Cannot Be Elected by the Other Members of the Board

question 4

True/False

A director cannot be elected by the other members of the board.

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Definitions:

Inherit

To receive property or assets from someone after their death according to a will or through the laws of intestacy.

Holographic Will

A will entirely handwritten and signed by the testator, usually requiring no witnesses for validity under certain legal jurisdictions.

Fixed Income

A form of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule, including loans, bonds, and pensions.

Free Exercise Clause

A provision in the First Amendment of the U.S. Constitution that guarantees individuals the right to practice their religion freely, without government interference.