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Author Question: According to the RMBCA, shareholders may, by majority vote, remove a director with or without cause ... (Read 60 times)

segrsyd

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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


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pangili4

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

FALSE


segrsyd

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Reply 2 on: Jun 24, 2018
Excellent

tranoy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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