When the investment of corporate funds is reasonably necessary to accomplish the corporation’s primary purpose as stated in the articles of incorporation, what is the required vote necessary for its validity?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 of members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock or members.
d. Approval by at least majority vote of present members the board of directors/trustees in a meeting where there is quorum.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 of members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock or members.
d. Approval by at least majority vote of present members the board of directors/trustees in a meeting where there is quorum.
What is the required vote for declaration of cash or property dividends?
a. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least 2/3 of the outstanding capital stock.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock.
c. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least majority of the outstanding capital stock.
d. Approval by at least majority vote of the board of directors.
a. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least 2/3 of the outstanding capital stock.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock.
c. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least majority of the outstanding capital stock.
d. Approval by at least majority vote of the board of directors.
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What is the required vote for declaration of stock dividends?
a. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least 2/3 of the outstanding capital stock.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock.
c. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least majority of the outstanding capital stock.
d. Approval by at least majority vote of the board of directors.
a. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least 2/3 of the outstanding capital stock.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock.
c. Approval by at least majority vote of the board of directors and ratification by stockholders representing at least majority of the outstanding capital stock.
d. Approval by at least majority vote of the board of directors.
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What is the required vote for the adoption of new pre-incorporation by-laws?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least 2/3 members.
d. Approval by all of the incorporators.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least 2/3 members.
d. Approval by all of the incorporators.
As a general rule, what is the required vote for the amendment, repeal and adoption of post-incorporation by-laws?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock or at least majority of members.
d. Approval by at least majority of the board of directors/trustees.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock or at least majority of members.
d. Approval by at least majority of the board of directors/trustees.
What is the required vote for the adoption or amendment of by-laws if this power has already been validly delegated to the Board of Directors/Trustees by the stockholders/members?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least 2/3 members.
d. Approval by at least majority of the board of directors/trustees.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least 2/3 members.
d. Approval by at least majority of the board of directors/trustees.
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What is the required vote for the valid delegation by the stockholders/members to the board of directors of the power to amend or repeal by-laws or adopt new one?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least majority members.
d. Approval by at least majority of the board of directors/trustees.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least majority members.
d. Approval by at least majority of the board of directors/trustees.
What is the required vote for the revocation of the delegated power of board of directors to amend or repeal by-laws or adopt new one?
Anonymous Quiz
43%
Stockholders owning at least 2/3 of the outstanding capital stock or at least 2/3 of members.
3%
Stockholders owning at least 60% of the outstanding capital stock or at least 60% of members.
4%
Stockholders owning at least 75% of the outstanding capital stock or at least 75% of members.
50%
Stockholders owning at least majority of outstanding capital stock or at least majority of members
Under Revised Corporation Code, what is the required vote for the voluntary dissolution of a private corporation where creditors are affected?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 of members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least majority of members.
d. Approval by at least majority of the board of directors/trustees.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 of members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least majority of members.
d. Approval by at least majority of the board of directors/trustees.
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Under Revised Corporation Code, what is the required vote for the voluntary dissolution of a private corporation where creditors are not affected?
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 of members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least majority of members.
d. Approval by at least majority of the board of directors/trustees.
a. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 of members.
b. Approval by stockholders representing at least 2/3 of the outstanding capital stock or at least 2/3 members.
c. Approval by at least majority vote of the board of directors/trustees and ratification by stockholders representing at least majority of the outstanding capital stock at least majority of members.
d. Approval by at least majority of the board of directors/trustees.
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Forwarded from ㅈ
A type of cooperative that promotes and undertakes savings and lending services among its members. It generates a common pool of funds in order to provide financial assistance to its members for productive and provident purposes.
Anonymous Quiz
26%
Financial Services Cooperative
21%
Cooperative Bank
51%
Credit Cooperative
2%
Insurance Cooperative
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