Commercial Law, 2012 Bar — Question 73

MULTIPLE CHOICE

XXX Bank Corporation and ZZZ Corporation were merged into XX ZZ Bank Corporation. So as not to create any unnecessary conflict, all the former directors of both banks wanted to be appointed /elected as members of the Board of Directors of the merged bank. Each bank used to have eleven (11) members of the board. The maximum number of directors of the merged bank iS— A) 15; B) 22; C) 21; D) 11.

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