Which of the following statements about a corporation is NOT true?
A)A corporation can sue and be sued.
B)A corporation has perpetual succession.
C)There are onerous administrative and reporting requirements.
D)Share transfer requirements are complex.

Question

Quizplus · Accepted Answer

The complexity of share transfer requirements varies significantly among corporations and is not inherently true for all corporations. Many corporations, especially publicly traded ones, have mechanisms in place to facilitate relatively easy transfer of shares. This contrasts with the perception that share transfer is universally complex across all corporations.

Which of the Following Statements About a Corporation Is NOT