Identify a false statement.a. Appropriate amendments must be made to the articles of incorporation before a corporation can validly exercise powers outside those provided in the articles of incorporation. b. Corporate acts are valid if, on their face, the acts were within the corporation’s powers or purposes. c. Securing loans of third persons is not ultra vires. d. None of the above

icon
Related questions
Question

Identify a false statement.a. Appropriate amendments must be made to the articles of incorporation before a corporation can validly exercise powers outside those provided in the articles of incorporation.
b. Corporate acts are valid if, on their face, the acts were within the corporation’s powers or purposes.
c. Securing loans of third persons is not ultra vires.
d. None of the above

Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS