What are some of the matters involving fundamental changes in the corporation and requiring shareholder approval?
A) Amendments to articles of incorporation.
B) Selection of a corporate president.
C) Sale or lease of corporate assets in the regular course of business.
D) Removal of the corporation's officers.
E) All of these.

Question

Quizplus · Accepted Answer

Amendments to the articles of incorporation are considered fundamental changes to a corporation and typically require shareholder approval. Selection of a corporate president, sale or lease of corporate assets in the regular course of business, and removal of the corporation's officers generally fall under the purview of the board of directors or are considered regular business operations, not requiring shareholder approval.

What Are Some of the Matters Involving Fundamental Changes in the Corporation