A shareholders' written agreement, unlimited in duration, to vote in a specified manner for the election of directors is a voting trust.
Correct Answer:
Verified
Q6: Members of the board of directors may
Q13: The Revised Act provides that every shareholder
Q15: In the absence of a specific agreement,
Q16: Some publicly held corporations have used supermajority
Q18: While officers, as agents of a corporation,
Q19: The articles of incorporation, incorporation statute, and
Q20: Notice of a shareholder's meeting may be
Q21: Directors who are also officers or employees
Q22: The Revised Act requires that demand be
Q31: Directors,but not officers,may compete with the corporation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents