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Which of the following statements is correct in relation to the corporate form of business organization? Shareholders are personally liable for the debt of the

Which of the following statements is correct in relation to the corporate form of business organization?
Shareholders are personally liable for the debt of the organization.
Shareholders need to secure the approval of the board of directors before selling corporate shares.
The rights of each class of shares are stated in its articles of incorporation.
The corporation can be bound by shareholders before they are appointed as agents of the corporation.
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