100%(7)7 out of 7 people found this document helpful
This preview shows page 27 - 29 out of 35 pages.
Statement 1 is true: Statement 2 is falseWhich is not included in the group? In proxy, agreement is irrevocable.. In voting trust, agreement is not notarized. The proxy votes as agent Which is not included in the group? Statement 1. Report the results of the election of the members of the board of directors to the SEC, within forty days after such eventof the outstanding capital stock Statement 2. A treasurer of a corporation may not be a director Statement 1 is true: Statement 2 is trueStatement 1. The members of the board of directors are jointly and severally liableStatement 2. The members of the board of trustees are jointly and severally liable if they areguilty of gross negligence or bad faith in directing the affairs of the corporation if they acquire any personal or pecuniary interest in conflict with their duty Which of the following situations is not allowable in a corporation Mack is the president of the corporation, Wack is the treasurer and Mack is the Secretary
Quiz 05No certificate of stock shall be issued to a subscriber until he has paid the full amount of the subscription, the interest and expenses, if any is due. The following are statements describing the requisites of valid by-laws, which is not included? Records of business transactions and minutes of meeting are kept at the principal office of the corporation. Mr. A pledged his stocks to Mr. B. Who has the right to vote? Which of the following statements may describes a proxy? Watered stocks is a written acknowledgement of the stockholders interest in the management, profit, and assets of the corporation.Which of the following statements is wrong?