All of the following would constitute a "fundamental change" to the corporation EXCEPT:
A) an amendment to the articles of incorporation.
B) a merger.
C) a stock dividend.
D) selling off 60% of the business assets not in the regular course of business.

Question

Quizplus · Accepted Answer

A stock dividend does not typically constitute a fundamental change to the corporation because it is a distribution of additional shares of stock to existing shareholders and does not alter the fundamental structure or operations of the corporation. However, amendments to the articles of incorporation, mergers, and significant asset sales can all constitute fundamental changes because they can impact the corporation's legal structure, ownership, or business operations.

All of the Following Would Constitute a "Fundamental Change" to the Corporation