Under general incorporation laws, ________. Select one: A. incorporation is a legislative privilege as well as...

Under general incorporation laws, ________.

Select one:

A. incorporation is a legislative privilege as well as a right

B. the secretary of state has to issue a certificate of incorporation

C. incorporation is a legislative privilege, not a right

D. the corporation's shareholders have to make a decision regarding incorporation

Solutions

Expert Solution

Under general incorporation laws the secretary of State has to issue a certificate of incorporation.It also allows corporation to be formed without a charter from the legislature.

So option B is the correct statement .

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Which of the following is not an advantage of incorporation? Select one: a. There may be...

Which of the following is not an advantage of incorporation? Select one: a. There may be tax advantages b. Shareholders can veto decisions of directors. c. Shareholders owe no duty to the corporation. d. Shares are easily transferred. e. Shareholders are not liable for debts of the corporation. Which of the following is false with respect to methods of carrying on a business? Select one: a. A ‘society’ must be for a non-profit purpose. b. Unlimited liability means that an...

Under what circumstances qualified privilege is available

1. Describe the movement of laws in the legislative branch of the United States government. 2....

1. Describe the movement of laws in the legislative branch of the United States government. 2. Describe three aspects of the Patient Protection and Affordable Care Act that have already affected the way in which health is provided in the U.S. or that will affect it in the future.

Select one of the laws from the NIST document to discuss: -What is the law? -What...

Select one of the laws from the NIST document to discuss: -What is the law? -What are some of the key considerations related to the law you selected? -Can you find an example of a breach that compromised the law you selected? -For example, in the Equifax breach, credit history information was stolen. What laws were broken? -What were other legal consequences to the breach? -Can you find another example?

Describe how and why states regulate NFPs, and describe: Not-for-profit incorporation laws & Registration, licenses, and...

Describe how and why states regulate NFPs, and describe: Not-for-profit incorporation laws & Registration, licenses, and tax-exemption.

state the three fan laws for variation in speed as well as three laws for variation...

state the three fan laws for variation in speed as well as three laws for variation in density

Question Three (3) [20 Marks] a) The Memorandum of Incorporation (MOI) as well as the Articles...

Question Three (3) [20 Marks] a) The Memorandum of Incorporation (MOI) as well as the Articles of Associations (AOA) serve as founding documents for a company; describe the purpose as well as differences between each of these two documents. b) Describe the process as set out in terms of the Companies Act 28 of 2004 from whence a company is founded, the founding documents, the parties involved up until the entity is clothed with legal personality and opens for business....

List six employment laws and select one to describe in-depth. US HEALTH SYSTEM

1. Under the RMBCA, corporate existence begins when the articles of incorporation are filed with the...

1. Under the RMBCA, corporate existence begins when the articles of incorporation are filed with the secretary of state. (True or False) 2. Restrictions on sales of stock are always valid. (True or False) 3. Preferred stock is ordinarily nonvoting stock. (True or False) 4. If Tom Jones signs an agreement to purchase Jane Brown's shares in ABC Corp., the stock sales contract is called an indenture. (True or False) 5. Following GAAP and GAAS is persuasive but nor conclusive...

Which of the following statements is correct for primates in general? Select one: a. Species that...

Which of the following statements is correct for primates in general? Select one: a. Species that are pair-bonded have the minimum degree of sexual dimorphism in body size. b. Multimale, multifemale groups tend to have a higher degree of sexual dimorphism in body size than one-male, multifemale groups. c. Multimale, multifemale groups with polygynandry are not sexually dimorphic in body size. d. One-male, multifemale polygynous groups have less sexual dimorphism in body size relative to pair-bonded species.

Subjects