Asked by
Kanageswarry Kanages
on Nov 21, 2024
Verified
In regard to cumulative voting, it is not guaranteed by RMBCA, but occurs only if the corporation's ________ provides for it.
A) voting proxy
B) articles of incorporation
C) bylaws
D) shareholder's voting memorandum
E) board of directors
Cumulative Voting
A method of voting used in corporate elections that allows shareholders to allocate their total votes in any proportion among candidates.
Articles Of Incorporation
A document that contains basic information about a corporation and is filed with the state.
RMBCA
Stands for the Revised Model Business Corporation Act, a template for state laws regulating the formation, operation, and dissolution of corporations.
- Differentiate the functions of shareholders and directors/officers, and comprehend the obligations and rights of shareholders.
Verified Answer
CN
Learning Objectives
- Differentiate the functions of shareholders and directors/officers, and comprehend the obligations and rights of shareholders.