Where a Shareholder Believes That a Director Has Acted Improperly

question 37

Multiple Choice

Where a shareholder believes that a director has acted improperly as against the interests of the corporation, he or she will commence

• A) a rectification action.
• B) a dissolution action.
• C) a derivative action.
• D) a prejudicial relief action.
• E) an ultra vires declaration action.

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Definitions:

Renal Capsule

The fibrous, supportive outer covering of the kidney that protects it from injury and maintains its shape.

Renal Fascia

A layer of connective tissue encapsulating the kidneys and the adrenal glands, providing structural support and protection.

Lamina Propria

A thin layer of loose connective tissue found beneath the epithelium of many organs, especially in mucous membranes, providing support and nourishment.

Transitional Epithelium

A type of epithelial tissue known for its ability to stretch and contract, found in areas such as the bladder.