A contract for the acquisition of unissued stock in

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A contract for the acquisition of unissued stock in an existing corporation or a corporationstill to be formed shall be deemed a ___________.subscriptionThe board of directors may, by resolution, order the sale of delinquent stock and shallspecifically state the amount due on each subscription plus all accrued interest, and thedate, time and place of the sale which shall not be less than ____________ nor more than__________ from the date the stocks become delinquent.30 days, 60 daysHolders of subscribed shares not fully paid which are not delinquent shall have___________________________________.all the rights of a stockholderThe issued price of no-par value shares may be fixed in the articles of incorporation or by theboard of directors pursuant to authority conferred upon it by the articles of incorporation orthe by-laws, or in the absence thereof, by the stockholders representing_________________ of the outstanding capital stock at a meeting duly called for thepurpose.at least a majority
Assignment 08Which statement describes a close corporation?Preemptive right extends to treasurysharesGenerally, membership in a non-stock corporation and all rights arising therefrom arepersonal and non-transferable
The right of the members of any class or classes to vote may be limited, broadened or
Which statement describes a non-stock corporation?Cannot exercise appraisal rights
Which of the following is not part of documentary requirements?Having a nominee orofficer to represent its interest in such corporation
Voting by mail or other similar means by members of non-stock corporations may beauthorized by the by-laws of non-stock corporations with the approval of, and under such
Which of the following companies cannot become a close corporation?Mining Company
Which of the following companies cannot become a close corporation?Oil Company
In documentary requirements, application, under oath, filed in ____ including Articles ofIncorporation and by-laws.Securities and Exchange CommissionThe articles of incorporation of a close corporation may provideSelect one:a. for a classification of directors into one or more classes, each of whom may be votedfor and elected solely by a particular class of stockb. for a classification of shares or rights and the qualifications for owning or holding thesame and restrictions on their transfers as may be stated therein, subject to the provisionsof the following sectionc. all of the answers correctd. for a greater quorum or voting requirements in meetings of stockholders or directorsthan those provided in the Corporation Code
Assignment 010

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Term
Winter
Professor
Goodfaith
Tags
Corporation, partner

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