In Most States, a Corporation's Bylaws Can Negate Preemptive Rights

question 30

True/False

In most states, a corporation's bylaws can negate preemptive rights.

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Definitions:

Implied-In-Fact

A contract formed by the circumstances or conduct of the parties involved, rather than written or spoken words.

Uniform Commercial Code

A broad collection of legislative measures governing every aspect of commerce in the United States.

Interstate Commerce

Commercial transactions or traffic that cross state boundaries, regulated by the federal government in the United States.

Federal Law

The body of law created by the federal government of a country, which applies to all its citizens and territories.