Which of the following statements is true?

A$.$ Directors owe fiduciary duties to the corporation, and limited partners owe such duties to the partnership.

B$.$ Corporations and limited partnerships must be formed pursuant to a state statute. A copy of the organizational document must be filed with the proper state agency.

C$.$ Shareholders may be entitled to vote on corporate matters, whereas limited partners are prohibited from voting on partnership matters.

D$.$ Stock of a corporation may be subject to registration under federal securities laws, but limited partnership interests are automatically exempt from such requirements.