Author Question: According to the RMBCA, shareholders may, by majority vote, remove a director with or without cause ... (Read 28 times)

segrsyd · **on:** Jun 24, 2018

According to the RMBCA, shareholders may, by majority vote, remove a director with or without cause unless the articles of incorporation provide that directors may be removed only for cause.
Indicate whether the statement is true or false

Question 2

State laws that attempt to indemnify corporate directors against personal monetary liability for gross negligence are void as contrary to public policy.
Indicate whether the statement is true or false