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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