RainbowSapphire1570 RainbowSapphire1570
  • 12-12-2017
  • Business
contestada

If a corporation has fewer than _____ shareholders, the revised model business corporation act allows companies to eliminate the board of directors entirely.

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dinosaurbarn
dinosaurbarn dinosaurbarn
  • 23-12-2017

thereafter, shareholders elect directors. Under the Model Act a corporation is required to have at least one director unless all the shareholders sign an agreement that eliminates the board or the corporation has 50 or fewer shareholders. to elect directors the shareholders may hold a meeting or they can elect directors by written consent

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