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53. Hannah, a director of Ink, Inc. is involved in a litigation involving the corporation. In...

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General Management

53. Hannah, a director of Ink, Inc. is involved in a litigationinvolving the corporation. In the course of litigation, she incurscourt costs and attorney's fees. Hannah has a right to

  1. file a shareholders derivative suit.
  2. be reimbursed, or indemnified.
  3. access the corporation’s books, records, facilities, and otherproperty.

54. Which of the following is a prerequisite to theincorporation of a business

  

  1. selecting the state of incorporation.
  2. deciding when to declare dividends.
  3. deciding whether to provide cumulative voting rights.

Answer & Explanation Solved by verified expert
4.3 Ratings (576 Votes)
Answer 53 Option b be reimbursed or indemnified Hannah Director has a right to be reimbursed or indemnified for expenses incurred by her during the litigation involving the corporation A director has right for full    See Answer
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