Corporate Powers

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1. For a nonstock corporation, what membership-related capacity does Section 35(f) identify?
2. A corporation creates a lawful retirement plan for officers and employees. A challenger says the Code grants no benefit…
3. A nonstock corporation lawfully admits a qualified member under its governing rules. A critic says only stock issuance …
4. A corporation invokes its power to adopt bylaws to insert a clause expressly contrary to law and public policy. It says…
5. Directors invoke the seal power and stamp a document purporting to amend the articles without the Code’s approvals. The…
6. Explain why the existence of an express corporate power does not mean every exercise is valid regardless of statutory c…
7. A corporation is challenged for allegedly having no legal power to create employee retirement arrangements. Address the…
8. Distinguish a corporation’s power to use a seal from compliance with the process for amending its articles.