What is the affirmative vote required for the adoption of by-laws of the corporation? I. If adopted and filed prior to the incorporation, by all the incorporators. II. If stock corporation, majority of the outstanding capital stock. III. If stock corporation, 2/3 of the outstanding capital stock. IV. If non-stock corporation, majority of the members. * All statements are correct. All statements are incorrect. I, II and IV are correct. I, III and IV are correct.
What is the affirmative vote required for the adoption of by-laws of the corporation? I. If adopted and filed prior to the incorporation, by all the incorporators. II. If stock corporation, majority of the outstanding capital stock. III. If stock corporation, 2/3 of the outstanding capital stock. IV. If non-stock corporation, majority of the members. * All statements are correct. All statements are incorrect. I, II and IV are correct. I, III and IV are correct.
Chapter11: The Corporate Income Tax
Section: Chapter Questions
Problem 14MCQ
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Question
What is the affirmative vote required for the adoption of by-laws of the corporation?
I. If adopted and filed prior to the incorporation, by all the incorporators.
II. If stock corporation, majority of the outstanding capital stock.
III. If stock corporation, 2/3 of the outstanding capital stock.
IV. If non-stock corporation, majority of the members. *
- All statements are correct.
- All statements are incorrect.
- I, II and IV are correct.
- I, III and IV are correct.
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