Various laws and contracts govern the rights and obligations of a shareholder. Which of the following is/are not true?
a. The corporation laws of the jurisdiction in which incorporation takes place govern the rights and obligations of a shareholder.
b. The articles of incorporation or the corporate charter sets out the agreement between the firm and the jurisdiction in which the business incorporates.
c. The board of directors adopts bylaws, which are the rules and regulations governing the internal affairs of the corporation.
d. The U.S. Government grants to the firm the privileges of operating as a corporation for certain stated purposes and of obtaining its capital through the issue of shares of stock.
e. none of the above
D
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