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Question
Under the Model Business Corporation Act (MBCA), ultra vires may be asserted by:
A. a shareholder seeking to enjoin a corporation from executing a proposed action that is ultra vires.
B. a federal judge who may have the power to dissolve a corporation that exceeds its powers.
C. the management suing the corporation for damages caused by exceeding the corporation's powers.
D. the secretary of state who may have the power to enjoin an ultra vires act.
Answer
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Related questions
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