Appraisal right of dissenting stockholder does NOT apply to- a. Amendment of the articles to shorten corporate term b. Sale of all or substantially all of the corporate assets c. Investment of funds for another purpose d. Amendment of by-laws
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Appraisal right of dissenting stockholder does NOT apply to-
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- 21. Solder Welding Corporation is a public company whose shares are traded in the public securities markets. Under the Sarbanes-Oxley Act of 2002, Solder Welding is subject to the direct corporate governance requirements of Group of answer choices the federal government. any other public company with which Solder Welding exchanges shares. the state in which Solder Welding incorporated. any state in which Solder Welding does business.Chapter 11 bankruptcy provides for: a. adjustment of debts of a municipality b. reorganization of a corporation c. liquidation proceedings d. adjustment of farmers' debtsWhich of the following is a goal of bankruptcy law? a. to provide relief and protection to debtors b. to provide a fair means of distributing a debtor's assets among creditors c. to pay all creditors in full d. to provide relief and protection to debtors and to provide a fair means of distributing a debtor's assets among creditors
- Dennis is the oldest among the four shareholders and is in the poorest health. He is concerned that upon his death his wife will be stuck with the shares, because there will be no market for them. However, he would like her to be able to use the proceeds from selling the shares for living expenses. For their part, Able, Baker, and Carter like Mrs. Dennis, but are not interested in being co-owners of the business with her. And they certainly do not want her to sell Dennis's shares to an unknown third party. So, they four have agreed that upon Dennis's death, Mrs. Dennis will be obligated to sell one third of the shares to Able, one third to Baker, and one third to Carter. Able, Baker, and Carter agree to buy the shares at a price figured according to a predetermined formula. What kind of transfer restriction is this? Multiple Choice Option agreement Right of first refusal Provision disqualifying purchasers Buy-and-sell agreement Consent constraintA director using confidential information to trade in a company's shares is MOST likely to be in breach of the director's duty:A. to act in the company's best interests.B. to act with care, skill and diligence.C. to exercise powers for a proper purpose.D. to avoid a conflict of interests.How can the failure to separate ownership, the board and management impaired the corporate governance of the company
- Explain briefly, the following. (At least one paragraph each) Public company Private company A Company Limited by Guarantee Perpetual succession Ultra ViresAm. 390.23. All of the following actions by an agent may be considered misrepresentations Except O a. Illustrating the dividends on an insurance policy b. describing a policy as a share stock c. describing insurance coverage ambiguously d. overstating an insurance company's surplus #DI
- describing a Limited Liability Company (LLC) business that would created. Indicate a specific provisions that would be include in the LLC's Articles of Organization.Explain to William and Oliver what steps they need to take to successfully incorporate their company and the rules concerning company names.A mutual will cannot be unilaterally revoked after one of the parties has died. true or false