Assignment 9
How do the statutes in your state address preemptive rights for shareholders? Locate the pertinent section in your states statutes to answer the following questions:
In what section of your states statutes are preemptive rights addressed?
If a corporations articles of incorporation are silent on the issue, are the shareholders granted preemptive rights?
How do the statutes in your state address cumulative voting rights for the directors of a corporation? Locate the pertinent section in your states statutes to answer the following questions:
In what section of your states statutes is cumulative voting for directors addressed?
If a corporations articles of incorporation are silent on the issue, are the shareholders granted cumulative voting rights?
How does your states business corporation act treat written consents in lieu of meetings? Is it ever permissible for a board of directors to take action by means of a consent signed by less than all of the directors? If yes, under what circumstances? Is it ever permissible for a shareholder resolution to be passed by means of a consent signed by less than all of the shareholders? If yes, under what circumstances?
400 words
