MBA 506: Corporate Law and Governance

Assignment 9

How do the statutes in your state address preemptive rights for shareholders? Locate the pertinent section in your state’s statutes to answer the following questions:

In what section of your state’s statutes are preemptive rights addressed?

If a corporation’s articles of incorporation are silent on the issue, are the shareholders granted preemptive rights?

How do the statutes in your state address cumulative voting rights for the directors of a corporation? Locate the pertinent section in your state’s statutes to answer the following questions:

In what section of your state’s statutes is cumulative voting for directors addressed?

If a corporation’s articles of incorporation are silent on the issue, are the shareholders granted cumulative voting rights?

How does your state’s business corporation act treat written consents in lieu of meetings? Is it ever permissible for a board of directors to take action by means of a consent signed by less than all of the directors? If yes, under what circumstances? Is it ever permissible for a shareholder resolution to be passed by means of a consent signed by less than all of the shareholders? If yes, under what circumstances? 

400 words