I. The general rule is that every member of a non-stock corporation and every legal owner of shares in a stock corporation has a right to be present and to vote in all corporate meetings. II. Voting may be expressed personally, or through proxies who vote in their representative capacities or when so authorized in the bylaws through remote communication or in absentia. a. Only I is true b. Only II is trye c. Both are true d. Both are false
I. The general rule is that every member of a non-stock corporation and every legal owner of shares in a stock corporation has a right to be present and to vote in all corporate meetings. II. Voting may be expressed personally, or through proxies who vote in their representative capacities or when so authorized in the bylaws through remote communication or in absentia. a. Only I is true b. Only II is trye c. Both are true d. Both are false
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I. The general rule is that every member of a non-stock corporation and every legal owner of shares in a stock corporation has a right to be present and to vote in all corporate meetings.
II. Voting may be expressed personally, or through proxies who vote in their representative capacities or when so authorized in the bylaws through remote communication or in absentia.
a. Only I is true
b. Only II is trye
c. Both are true
d. Both are false
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