Which of the Following Is True Regarding State Rules of Corporate

question 25

Multiple Choice

Which of the following is true regarding state rules of corporate governance?

• A) Under the U.S.Constitution,a state may only apply its corporate governance rules to corporations incorporated in the state.
• B) California imposes state pro-shareholder rules on quasi-foreign corporations.
• C) There are no state rules of corporate governance because the Securities and Exchange Commission has preempted the field.
• D) By federal law,if a state wishes to impose corporate governance requirements on corporations incorporated in the state,then the same rules must be imposed on corporations operating in the state but incorporated in another state.

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Definitions:

Five And 62/100

A manner to express the numeric value 5.62, often found in financial documents.

Cash Money

Physical money in the form of banknotes and coins, as opposed to electronic or digital forms of currency.

Secure Location

A place that has been made safe against unauthorized access, attack, or other threats.

Checking Account

A bank account that allows the depositor to withdraw funds using checks or electronic debit, traditionally used for daily transactions.