In the absence of a specific provision in its articles of incorporation, a corporation's Board of Directors has the power to do all of the following, except

1. Repeal the bylaws

2. Declare dividends

3. Fix compensation of directors

4. Amend the articles of incorporation.

Question

Merle

Business

5 July, 19:34

In the absence of a specific provision in its articles of incorporation, a corporation's Board of Directors has the power to do all of the following, except

1. Repeal the bylaws

2. Declare dividends

3. Fix compensation of directors

4. Amend the articles of incorporation.

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Answers (1)

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Claire Oneal · Answer 1

4. Amend the articles of incorporation.

Explanation:

The articles of incorporation is the document of incorporation prepared by the promoters a corporation which provide general information about the corporation submitted to their home state to get the entity incorporated.

The Board of Directors of a corporation has no power to amend the articles of incorporation but must followed some procedure before it can be amended. However, it needs the vote of majority of the directors before the proposal can be submitted to Secretary of State

In the absence of a specific provision in its articles of incorporation, a corporation's Board of Directors has the power to do all of the following, except1. Repeal the bylaws2. Declare dividends3. Fix compensation of directors4. Amend the articles of incorporation.

In the absence of a specific provision in its articles of incorporation, a corporation's Board of Directors has the power to do all of the following, except

1. Repeal the bylaws

2. Declare dividends

3. Fix compensation of directors

4. Amend the articles of incorporation.