Question

The number of trustees in a non-stock corporation may be

A. Not less than 5 but not more than 15
B. Not less than 5 but may be more than 15
C. Not less than 5 but not more than 11
D. May be less than 5 and more than 15

Answer 1

The number of trustees in a non-stock corporation varies according to bylaws and local laws, but a common range is not less than 5 and not more than 15 trustees.

Step-by-step explanation:

The number of trustees in a non-stock corporation is typically specified by the corporation's bylaws and the jurisdiction's corporate laws. For the choice provided:

• A. Not less than 5 but not more than 15: This option sets a minimum and a maximum range for the number of trustees.
• B. Not less than 5 but may be more than 15: This option sets only a minimum with no specified upper limit.
• C. Not less than 5 but not more than 11: This is a more constrained range for the number of trustees.
• D. May be less than 5 and more than 15: This option suggests both lower and higher bounds are flexible, which may not be compliant with certain jurisdictional regulations.

While the correct option depends on the specific legal requirements in the jurisdiction where the non-stock corporation is established, Option A is common practice in many jurisdictions.