The Revised Model Business Corporation Act Forbids Directors' Meetings Being

question 25

True/False

The Revised Model Business Corporation Act forbids directors' meetings being held via telephone.

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Definitions:

Third-party Payer

An entity (usually an insurance company or government agency) that pays medical expenses on behalf of the patient.

Elective Procedure

A medical procedure that is not required to sustain life but is requested for payment to the third-party payer by the patient or physician. Some elective procedures are paid for by third-party payers, whereas others are not.

Predetermination

The act of deciding or establishing something in advance or having a predetermined outcome.

Third-party Payer

An entity (other than the patient or healthcare provider) responsible for paying medical expenses, such as insurance companies.