Under the Revised Model Business Corporation Act, which of the following statements is NOT correct...
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Accounting
Under the Revised Model Business Corporation Act, which of the following statements is NOT correct regarding corporate officers of a public corporation?
a. | An officer of a corporation is not required to own at least one share of the corporation's stock. | |
b. | Stockholders always have the right to elect a corporation's officers. | |
c. | A corporation may be authorized to indemnify its officers for liability incurred in a suit by stockholders. | |
d. | An officer may simultaneously serve as a director. |
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