Commercial Law, 2018 Bar — Question XI-a

ESSAY

Yenetic Corporation wants to increase its Authorized Capital Stock (which is currently fully subscribed and issued) to be able to increase its working capital to undertake business expansions. The board of directors consults with you as legal counsel on the proper answers to the following issues: (a) Can Yenetic's AOI be formally amended to remove the right of appraisal on all dissenting stockholders in all matters under the law which requires a ratification vote of the stockholders?

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