A _____ Authorizes Any Corporation to Adopt a Specific Amendment

question 16

Multiple Choice

A _____ authorizes any corporation to adopt a specific amendment to its articles of incorporation that removes breach of duty as a cause of action for monetary damages against directors.

• A) charter option statute
• B) self-executing statute
• C) cap on monetary damages statute
• D) SEC oversight statute

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Definitions:

Cliché

An overused phrase or idea that has lost its original effectiveness or power.

Expenditures

Refers to the act of spending or using up resources, often relating to money spent on goods, services, or operations.

Short Words

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Communication

Communication involves the exchange of information, ideas, or messages between individuals through various channels and mediums.