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TRUE or False The stockholders or members in a meeting after the determination of the existence of a quorum will decide based on plurality rather
TRUE or False
- The stockholders or members in a meeting after the determination of the existence of a quorum will decide based on plurality rather on majority in cases when there are more than two options.
- Contracts entered into in behalf of the corporation by unauthorized directors or trustees and/ or corporate officers will not bind the corporation unless the contracts are ratified.
- Executive Committees function within the limits of the powers delegated to them by the Board of Directors/Trustees.
- Stock corporations are legally required to have independent directors as members of the board of directors.
- In stock corporations, the bylaws of the corporation may prohibit a stockholder from attending a meeting by proxy.
- As a rule, private corporation vote by viva voce by roll call.
- For secret balloting to be the method of voting in a stock corporation, be it for the stockholders or directors, the approval of the majority in attendance in a meeting was be solicited
- As a rule, no stockholder or member could be deprived of then right to vote for the directors or trustees of a corporation.
- As a rule, cumulative voting method is used in non-stock corporations.
- As a rule, directors and even trustees can be removed from office with or without cause.
- Removal of directors when allowed is done through the written assent of 2/3 of the outstanding capital stockholders or members.
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