g Path Study Guide - Chapter 11.1 - Corporate Form of Organization 11.1 Corporate Form of Organization Which of the following is true about corporations? O The life of a corporation is stated in its charter. The life must be limited to a specific number of years. O Stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation. O The transfer of stock is entirely at the discretion of the stockholder. It does not require the approval of either the corporation or other stockholders. O If a corporation pays taxes on its income, then stockholders will not have to pay taxes on the dividends received from that corporation