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Revised Act
Legislation that has been updated or amended to incorporate new information, correct errors, or reflect changes in law or policy.
Derivative Suit
A lawsuit brought by a shareholder on behalf of a corporation against a third party, often the corporation's executives or directors, for wrongs committed against the corporation.
Corporate Right
The legal entitlements and privileges granted to corporations, including the ability to enter contracts, own assets, and sue or be sued.
Quorum
The smallest number of participants needed in a meeting to validate its proceedings.
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Q101: Which of the following is true of