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

Question

Quizplus · Accepted Answer

Amendments to articles of incorporation involve fundamental changes to the corporation's structure, such as changes to the corporation's name, purpose, or stock structure. These changes require shareholder approval. The sale or lease of corporate assets in the regular course of business may also require shareholder approval, but it is not a fundamental change to the corporation itself. Selection and removal of corporate officers are generally within the purview of the board of directors, not shareholders.

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