Under the Model Act,a Corporation Must Have at Least One

question 34

Multiple Choice

Under the Model Act,a corporation must have at least one director unless all shareholders agree to eliminate the board or the corporation has fewer than _____ shareholders.

• A)10
• B)25
• C)50
• D)100

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Definitions:

Resistance To Flow

In the context of electricity, it refers to the opposition that a material presents to the passage of electric current, typically called electrical resistance.

Holding Tank

A container designed to hold a substance temporarily, often used in systems requiring the accumulation of material before further processing or disposal.

Return Path

The return path is the conductive path that allows current to return to its source in an electrical circuit, completing the circuit loop.

Voltage Drop

The reduction in voltage as electric current passes through components or conductive paths within an electrical circuit, due to resistance or impedance.