Under the Model Business Corporation Act (MBCA), a Corporate Official

question 36

Multiple Choice

Under the Model Business Corporation Act (MBCA) , a corporate official who denies a proper demand by a shareholder to inspect the shareholder list is:

• A) liable for a penalty of 10 percent of the value of the shares of the demanding shareholder.
• B) liable for a penalty of 30 percent of the value of the shares of the demanding shareholder.
• C) not subject to any liability.
• D) liable for a penalty of 15 percent of the value of the shares of the demanding shareholder.

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Definitions:

Union Activities

Actions or events organized by labor unions, aimed at advocating for workers' rights, such as strikes, negotiations, or educational campaigns.

Terminate-At-Will

An employment arrangement where either the employer or employee can end the employment relationship without needing to provide a reason, subject to any legal restrictions.

Employee Rights

Legal or ethical entitlements associated with employment, including fair pay, safe working conditions, and freedom from discrimination or harassment.

Discrimination

Unfair or prejudicial treatment of individuals based on characteristics such as age, gender, race, or religion.