Various Laws and Contracts Govern the Rights and Obligations of a Shareholder

question 23

Multiple Choice

Various laws and contracts govern the rights and obligations of a shareholder. Which of the following is/are not true?

• A)The corporation laws of the jurisdiction in which incorporation takes place govern the rights and obligations of a shareholder.
• B)The articles of incorporation or the corporate charter sets out the agreement between the firm and the jurisdiction in which the business incorporates.
• C)The board of directors adopts bylaws, which are the rules and regulations governing the internal affairs of the corporation.
• D)The U.S.Government grants to the firm the privileges of operating as a corporation for certain stated purposes and of obtaining its capital through the issue of shares of stock.
• E)none of the above

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