Absent a specific provision in its articles of incorporation, a corporations board of directors has the power

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Absent a specific provision in its articles of incorporation, a corporation’s board of directors has the power to do all of the following except:

a. Repeal the bylaws

b. Declare dividends

c. Fix compensation of directors

d. Amend the articles of incorporation AppendixLO1

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Anderson's Business Law And The Legal Environment

ISBN: 9780324638189

20th Edition

Authors: David P Twomey, Marianne M Jennings, Ivan Fox

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