Answered: Is the vote of the majority of the…

Is the vote of the majority of the board also necessary for the approval of the by-laws of the corporation? or it is only applicable when amending the bylaws?

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter20: Corporations And Partnerships

Section: Chapter Questions

Problem 1DQ

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Is the vote of the majority of the board also necessary for the approval of the by-laws of the corporation? or it is only applicable when amending the bylaws?

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Help! True or false In case of conflict between the by-laws and the corporation code, the code shall prevail. (Explain why)
What would happen to the corporation if it failed to file by-laws? Would it dissolve the corporation?
What if the chairman and president of the corporation are not around, and the bylaws did not provide as to who shall preside meetings. Will anyone be able to temporary preside at meetings?
If the corporation is considered as de facto, who can question its existence? Board of Directors Stockholders Solicitor General Corporators
What issue does agency theory examine? Why is it important in a public corporation rather than in a private corporation?
The principle that “By-laws cannot contravene, much less override, the articles of incorporation
Can a religious corporation, apply for its dissolution without any valid reason?
Which is not a mode of involuntary dissolution of a corporation? a. Legislative revocation of franchise b. Judicial decree c. Order of the SEC d. Expiration of corporate term
Which of the following is not true of a corporation? Oa. It may enter into binding legal contracts in its own name. Ob. It may sue and be sued. c. The acts of its owners bind the corporation. Od. It may buy, own, and sell property.
What is ordinarily the first step in the formation of a corporation? Development of by-laws for the corporation Issuance of the corporate charter Application for incorporation to the appropriate Secretary of State Registration with the SEC
The following corporations are governed by the Revised Corporation Code, except: * A. Stock corporation B. Close corporation C. Public corporation D. Government-owned and controlled corporations
True or FalseIt is a well-established principle that the contents of the bylaws that contravene the Constitution and the laws of the land are deemed void; and that in case of contradiction to any of the provisions of the articles of incorporation, the By-Laws' provision/s shall prevail.