tatement I: Incorporators are shareholders or members mentioned in the articles of incorporation as originally forming and composing the corporation and are signatories to said articles of incorporation.

Statement II: Preemptive right is the shareholders right to keep his/her proportionate ownership interest whenever new shares are issued unless such right is denied by the articles of incorporation.

Group of answer choices

A. Statement I is true; Statement II is false

B. Statement I is false; Statement II is true

C. Both statements are true

D. Both statements are false