Asked by Katherin Mejia on Jul 09, 2024
Verified
Under the RMBCA, the charter of the corporation is required to provide all of the following EXCEPT:
A) the number of shares authorized.
B) the street address of the registered office.
C) names of the initial directors.
D) the name and address of each incorporator.
Charter of the Corporation
A legal document issued by a governmental authority that establishes a corporation and outlines its basic terms of operation, rights, and responsibilities.
Initial Directors
Initial directors are the first members of a corporation's board of directors, appointed at the time of incorporation to serve until the first shareholders' meeting.
Incorporator
The individual or entity responsible for creating and filing the necessary documentation to legally form a corporation with the state.
- Acquire knowledge about the duties and constraints of corporate bylaws and articles of incorporation.
Verified Answer
Learning Objectives
- Acquire knowledge about the duties and constraints of corporate bylaws and articles of incorporation.
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