RFBT QUIZZER
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Under Revised Corporation Code, what is the required vote for the voluntary dissolution of a private corporation where creditors are not affected? a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing…
Under Revised Corporation Code, what is the required vote for the voluntary dissolution of a private corporation where creditors are not affected?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 of members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least majority of members.
d. Approval by at least majority of the board of directors/trustees.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 of members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least majority of members.
d. Approval by at least majority of the board of directors/trustees.
Under Revised Corporation Code, what is the required vote for the voluntary dissolution of a private corporation where creditors are affected? a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing…
Under Revised Corporation Code, what is the required vote for the voluntary dissolution of a private corporation where creditors are affected?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 of members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least majority of members.
d. Approval by at least majority of the board of directors/trustees.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 of members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least majority of members.
d. Approval by at least majority of the board of directors/trustees.
What is the required vote for the valid delegation by the stockholders/members to the board of directors of the power to amend or repeal by-laws or adopt new one? a. Approval by at least majority vote of the board of directors/trustees and ratification…
What is the required vote for the valid delegation by the stockholders/members to the board of directors of the power to amend or repeal by-laws or adopt new one?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least majority members.
d. Approval by at least majority of the board of directors/trustees.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least majority members.
d. Approval by at least majority of the board of directors/trustees.
What is the required vote for the adoption or amendment of by-laws if this power has already been validly delegated to the Board of Directors/Trustees by the stockholders/members? a. Approval by at least majority vote of the board of directors/trustees…
What is the required vote for the adoption or amendment of by-laws if this power has already been validly delegated to the Board of Directors/Trustees by the stockholders/members?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least 2/3 members.
d. Approval by at least majority of the board of directors/trustees.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least 2/3 members.
d. Approval by at least majority of the board of directors/trustees.
As a general rule, what is the required vote for the amendment, repeal and adoption of post-incorporation by-laws? a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the…
As a general rule, what is the required vote for the amendment, repeal and adoption of post-incorporation by-laws?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock or at least majority of members.
d. Approval by at least majority of the board of directors/trustees.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock or at least majority of members.
d. Approval by at least majority of the board of directors/trustees.
What is the required vote for the adoption of new pre-incorporation by-laws? a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least…
What is the required vote for the adoption of new pre-incorporation by-laws?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least 2/3 members.
d. Approval by all of the incorporators.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least 2/3 members.
d. Approval by all of the incorporators.
What is the required vote for declaration of stock dividends? a. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least 2/3 of the outstanding capital stock. b. Approval by stockholders representing…
What is the required vote for declaration of stock dividends?
a. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least 2/3 of the outstanding capital stock.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock.
c. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least majority of the outstanding capital stock.
d. Approval by at least majority vote of the board of directors.
a. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least 2/3 of the outstanding capital stock.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock.
c. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least majority of the outstanding capital stock.
d. Approval by at least majority vote of the board of directors.
What is the required vote for declaration of cash or property dividends? a. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least 2/3 of the outstanding capital stock. b. Approval by stockholders…
What is the required vote for declaration of cash or property dividends?
a. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least 2/3 of the outstanding capital stock.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock.
c. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least majority of the outstanding capital stock.
d. Approval by at least majority vote of the board of directors.
a. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least 2/3 of the outstanding capital stock.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock.
c. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least majority of the outstanding capital stock.
d. Approval by at least majority vote of the board of directors.
When the investment of corporate funds is reasonably necessary to accomplish the corporation’s primary purpose as stated in the articles of incorporation, what is the required vote necessary for its validity? a. Approval by at least majority vote of the…
When the investment of corporate funds is reasonably necessary to accomplish the corporation’s primary purpose as stated in the articles of incorporation, what is the required vote necessary for its validity?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 of members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock or members.
d. Approval by at least majority vote of present members the board of directors/trustees in a meeting where there is quorum.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 of members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock or members.
d. Approval by at least majority vote of present members the board of directors/trustees in a meeting where there is quorum.
