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TIMED TASK Statement 1. Stockholdings exceeding ten percent (10%) of the outstanding capital stock shall be considered substantial for purposes of interlocking directors. Statement 2.
TIMED TASK
Statement 1. Stockholdings exceeding ten percent (10%) of the outstanding capital stock shall be considered substantial for purposes of interlocking directors. Statement 2. If the bylaws so provide, the board may create an executive committee composed of at least five (5) directors. Only the first statement is correct Only the second statement is correct Both statements are wrong Both statements are correct
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