Commercial Law, 2011 Bar — Question 100

MULTIPLE CHOICE

The corporate term of a stock corporation is that which is stated in its Articles of Incorporation. It may be extended or shortened by an amendment of the Articles when approved by majority of its Board of Directors and: A) approved and ratified by at least 2/3 of all stockholders. B) approved by at least 2/3 of the stockholders representing the outstanding capital stock. C) ratified by at least 2/3 of all stockholders. D) ratified by at least 2/3 of the stockholders representing the outstanding capital stock.

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