Author Question: Which of the following statements best describes articles of incorporation and bylaws? (Read 135 times)

Tiffanyanne824 · **on:** Aug 7, 2023

Question 1

Which of the following services will NOT be offered by life insurance companies?

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line of credit

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investing funds in shares, bonds, real estate, and mortgages

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offering a variety of tax-deferred savings plans

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making payments to beneficiaries

Question 2

Which of the following statements best describes articles of incorporation and bylaws?

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The articles of incorporation are concerned with things like the share class description, whereas the bylaws are concerned with things like procedures for electing the board of directors.

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An initial registered office address and first board of directors form can be omitted whenfiled with Corporations Canada.

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A professional corporation formed by professionals such as doctors or lawyers can relieve the participation of professional (malpractice) liability.

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The corporate bylaws are a standard set of rules established by the state of incorporation, so these rules are identical for all corporations.

knguyen · **Reply #1 on:** Aug 7, 2023

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