Which of the following statement is true of a corporation’s by-laws? A corporation’s by-laws, being an intramural document, only binds corporate insiders. A corporation’s by-laws, being and intramural document binding on corporate insiders, cannot be dispensed with and any act done by corporate insiders in violation thereof is null and void. A corporation’s by-laws, being an intramural document, binds only corporate insiders and such third parties with actual knowledge of its contents. A corporation’s by-laws, being a public document on record with the SEC, binds all parties.

Which of the following statement is true of a corporation’s by-laws? A corporation’s by-laws, being an intramural document, only binds corporate insiders. A corporation’s by-laws, being and intramural document binding on corporate insiders, cannot be dispensed with and any act done by corporate insiders in violation thereof is null and void. A corporation’s by-laws, being an intramural document, binds only corporate insiders and such third parties with actual knowledge of its contents. A corporation’s by-laws, being a public document on record with the SEC, binds all parties.

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter11: The Corporate Income Tax

Section: Chapter Questions

Problem 14MCQ

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