Which of the Following If True Regarding Powers State Incorporation

question 13

Multiple Choice

Which of the following if true regarding powers state incorporation statutes typically grant to corporations?

• A)State incorporation statutes give corporations the power to make charitable contributions.
• B)State incorporation statutes expressly state the powers granted to corporations thereby negating the existence of implied powers.
• C)State incorporation statutes give corporations existence for up to 100 years.
• D)State incorporation statutes prohibit corporations from loaning money because that is within the realm of state banks recognized by the state banking regulatory authority.
• E)State incorporation statutes generally expressly give corporations only the broad authority to operate within the law to the benefit of stockholders resulting in most actions of corporations arising from implied powers.

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Definitions:

Chromosomes

Structures within cells that contain DNA and genetic information needed for the development, function, and reproduction of living organisms.

Nucleus

The central part of a cell that contains the cell's DNA and controls its growth and reproduction.

Coronal

A term used to describe a plane or section that divides the body into front (anterior) and back (posterior) parts.

Midsagittal

Relating to a plane that divides the body into equal right and left halves.