Asked by Katherin Mejia on Jul 09, 2024

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Under the RMBCA, the charter of the corporation is required to provide all of the following EXCEPT:

A) the number of shares authorized.
B) the street address of the registered office.
C) names of the initial directors.
D) the name and address of each incorporator.

Charter of the Corporation

A legal document issued by a governmental authority that establishes a corporation and outlines its basic terms of operation, rights, and responsibilities.

Initial Directors

Initial directors are the first members of a corporation's board of directors, appointed at the time of incorporation to serve until the first shareholders' meeting.

Incorporator

The individual or entity responsible for creating and filing the necessary documentation to legally form a corporation with the state.

  • Acquire knowledge about the duties and constraints of corporate bylaws and articles of incorporation.
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Verified Answer

TB
Trini BrittJul 10, 2024
Final Answer :
C
Explanation :
Under the Revised Model Business Corporation Act (RMBCA), the charter (also known as the articles of incorporation) of a corporation is required to include the number of shares authorized, the street address of the registered office, and the name and address of each incorporator. However, it is not required to include the names of the initial directors.