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BUSI 2301 - Week 7 Quiz.docx - Week 7 Quiz Chapter 25 1....

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Week 7 QuizChapter 251.What is an ultra vires act?
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2.A shareholder will not be at the annual meeting.May thatshareholder vote?If so, how?
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the shares however they wish.“Modern proxy voting allows shareholders tovote electronically through the Internet, such as at. Unless specified otherwise, a proxy is good for11 months from the time the company receives it, and only the last proxy onfile can be used. Shareholders can also use voting trust, but they are morecomplicated and require the shareholder to give up rights to their shares,signing them over to a trust. Shareholder trusts are not something to betaken lightly. They are generally long-term commitments and not used for asituation where the shareholder will be missing one or two annual meetings
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