1. The Articles of Incorporation (or corporate charter) is the basic governing document the corporation. State the following:

a. The name of your corporation:

b. The number of shares of Par value and/or Common Stock your corporation is authorized to issue:

2. The articles of incorporation must identify a registered office with a designated registered agent in the state of incorporation. The registered office does not have to be the same as the corporation's place of business.

TRUE

FALSE

3. Bylaws are a detailed set of rules adopted by the shareholders.

TRUE

FALSE

4. If an ultra vires act occurs, shareholders can sue for specific performance to prevent the corporation from engaging in the act, and sue the officer san directors for damages.

TRUE

FALSE