Which of the Following Is True of an Amendment of the Articles

question 25

Multiple Choice

Which of the following is true of an amendment of the articles of incorporation that does not affect the rights attached to shares?

• A) The shareholders need to propose a resolution of recommending such an amendment.
• B) The shareholders need to provide vote of approval for the amendment.
• C) The board of directors can approve the amendment without shareholder approval.
• D) The amendment need not be filed with the secretary of state of the state of incorporation.

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Definitions:

Depressed

Experiencing feelings of severe despondency and dejection, often a symptom of a psychological disorder.

Transmission

The act or process by which something is conveyed or carried from one place or person to another.

Shared Knowledge

Information, ideas, or understanding that is common to a group of people and forms part of their collective consciousness or culture.

Generations

Groups of individuals, typically within a family, who are born and live around the same time, marking distinct stages in societal or familial development.