Author Question: The RMBCA provides that, absent a conflicting provision in the articles of incorporation, directors ... (Read 150 times)

colton · **on:** Jun 24, 2018

The RMBCA provides that, absent a conflicting provision in the articles of incorporation, directors may be removed: ______.
A) with or without cause by a majority vote of the shareholders.
B) with cause by a majority vote of the shareholders, and without cause by a unanimous vote.
C) with or without cause by a unanimous vote of the shareholders.
D) only with cause.

Question 2

A stockholder-approved amendment to the certificate of incorporation may indemnify directors who: ______.
A) acted in bad faith.
B) acted negligently.
C) breached their duty of loyalty.
D) gained an improper personal benefit.