Author Question: Absent a specific provision in its articles of incorporation, a corporation's board of directors has ... (Read 92 times)

karateprodigy · **on:** Jun 24, 2018

Absent a specific provision in its articles of incorporation, a corporation's board of directors has the power to do all of the following except:
a. Repeal the bylaws.
b. Declare dividends.
c. Fix compensation of directors.
d. Amend the articles of incorporation.

Question 2

Because of potential liability for dumped toxic chemicals, potential property buyers often get an EPA certification that the property has no liabilities attached to it.
a. True
b. False
Indicate whether the statement is true or false