Under the Revised Corporation Code, a vote of ________ of the members in a nonstock corporation may remove a trustee from his or her office.a.2/3b.1/3c.1/2d.3/4

Any director or trustee of a corporation may be removed from office by a vote of the stockholders holding or representing at least two-thirds (2/3) of the outstanding capital stock, or in a non-stock corporation, by a vote of at least two-thirds (2/3) of the member entitled to vote.Group of answer choicesTrueFalse

A majority of the board of directors or trustees, and the owners of at least a majority of the outstanding capital stock, or at least a majority of the members of a nonstock corporation, at a regular or special meeting duly called for the purpose, may amend or repeal the bylaws or adopt new by laws. Group of answer choicesTrueFalse

A shareholder has the power _______________.a.A shareholder has no power to elect nor remove a director.b.To elect and remove a directorc.To elect but not remove a directord.To remove but not to elect a director

Members are corporators of a non-stock corporation.Group of answer choicesTrueFalse

A sale of all or substantially all of the corporation’s properties and assets, including its goodwill, must be authorized by the vote of stockholders representing at least a majority of the outstanding capital stock, or at least a majority of the members.Group of answer choicesTrueFalse PreviousNext