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Which of the following statements is correct about a statutory derivative action? a.Only members can commence a statutory derivative action. b.In order to bring a
Which of the following statements is correct about a statutory derivative action?
a.Only members can commence a statutory derivative action.
b.In order to bring a statutory derivative action, a person must apply for leave of court.
c.Leave to commence a statutory derivative action is not necessary if the directors have done a wrong to the company.
d.A statutory derivative action can only be commenced if the wrongdoing directors have not acted in good faith.
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