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:

Professions

Occupations that require specialized knowledge and often advanced education, subject to standards and codes of conduct.

Carpentry

The craft or activity of cutting, shaping, and assembling wood to construct buildings, furniture, or other objects.

Interpersonal Trust Scale

A measurement tool used to evaluate the degree to which individuals trust others in social and personal settings.

Persuaded

The state of being convinced to believe or do something through reasoning or argumentation.