Ruby Red Corporation has six shareholders, four of whom are members of the same family. All of Ruby's shareholders agree in writing to operate without shareholders' meetings. Under the Revised Model Business Corporation Act, this most likely warrants
a.) no penalties of sanctions.
b.)the imposition of fine on Ruby.
c.)the imprisonment of Ruby's shareholders.
d.)The piercing of Ruby's corporate veil.
a.) no penalties of sanctions.
b.)the imposition of fine on Ruby.
c.)the imprisonment of Ruby's shareholders.
d.)The piercing of Ruby's corporate veil.