To Appoint a Proxy, the Model Business Corporation Act (MBCA)

question 21

Multiple Choice

To appoint a proxy, the Model Business Corporation Act (MBCA) requires:

• A) a court order.
• B) a written document.
• C) the board of directors to acknowledge the proxy.
• D) a vote of approval from other shareholders.

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Definitions:

Sodium Chloride

A chemical compound commonly known as salt, consisting of sodium and chloride ions, widely used for seasoning and preservation.

Inorganic Substances

Chemical substances that do not contain carbon-hydrogen bonds, including minerals, water, and salts.

Glucose

Glucose is a simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Cohesiveness

The quality of sticking together tightly; in a social context, it refers to the bonds that hold a group of people or components of a structure together.