Local Corporation invests in intrastate businesses. In Locals state, as in most states, the minimum number of
Question:
Local Corporation invests in intrastate businesses. In Local’s state, as in most states, the minimum number of directors that must be present before a board can transact business is
a. all of the directors authorized in the articles.
b. a majority of the number authorized in the articles or bylaws.
c. any odd number.
d. one.
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The correct answer is b a majority of the number authorized in the articles or bylaws In most state...View the full answer
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Tamil Elakkiya Rajendran
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Related Book For 
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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