Question

S1: To elect officers of the corporation, majority of the directors in a meeting constituting a quorum is sufficient.

S2: Members of a non-stock corporation may all be without voting rights if provided for in the articles of incorporation or by laws
A. Both are false
B. Both are true
C. Only S1 is true
D. Only S1 is false

Answer 1

Both statements S1 and S2 in the question are true. S1 explains that a majority of the directors constituting a quorum is sufficient to elect officers of the corporation. S2 states that members of a non-stock corporation may all be without voting rights if provided for in the articles of incorporation or by-laws.

Step-by-step explanation:

Both statements S1 and S2 in the question are true.

Statement S1 states that a majority of the directors in a meeting constituting a quorum is sufficient to elect officers of the corporation. This means that as long as the majority of directors are present and capable of voting, they can elect officers for the corporation.

Statement S2 states that members of a non-stock corporation may all be without voting rights if it is provided for in the articles of incorporation or by-laws. This means that in a non-stock corporation, the articles of incorporation or by-laws can specify that members do not have voting rights.