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MMLU / In the absence of a provision to the contrary in the articles of incorporation,…

Problem

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question

In the absence of a provision to the contrary in the articles of incorporation, the directors of a corporation elected for a specified term

choices

  1. can be removed from office at a meeting of the shareholders, but only for cause and after an opportunity to be heard has been given to the directors.
  2. can be removed from office at a meeting of the shareholders, with or without cause.
  3. can be removed from office at a meeting of the shareholders, but only for cause.
  4. can be removed from office prior to the expiration of their term only by a decree of the circuit court in an action by the shareholders.

subject

professional_law

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Official source

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