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Questions and Answers
Which of the following will disqualify a person from being a director, trustee, or officer of any corporation?
Which of the following will disqualify a person from being a director, trustee, or officer of any corporation?
- Being a member of a political party
- Having committed a disqualifying act within five years prior to the election or appointment (correct)
- Having a degree in business administration
- Being a shareholder of the corporation
What is the time frame within which a disqualifying act must have been committed for a person to be disqualified from being a director, trustee, or officer of any corporation?
What is the time frame within which a disqualifying act must have been committed for a person to be disqualified from being a director, trustee, or officer of any corporation?
- Five years (correct)
- One year
- Two years
- Three years
Which positions would a person be disqualified from holding if they had committed a disqualifying act within five years prior to the election or appointment?
Which positions would a person be disqualified from holding if they had committed a disqualifying act within five years prior to the election or appointment?
- Chairperson of a non-profit organization
- Manager of a small business
- Director, trustee, or officer of any corporation (correct)
- President of a labor union
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Study Notes
Disqualification Criteria
- A person can be disqualified from being a director, trustee, or officer of any corporation if they have committed a disqualifying act.
Time Frame for Disqualification
- The disqualifying act must have been committed within the five years prior to the election or appointment.
Disqualified Positions
- If a person has committed a disqualifying act within five years prior to the election or appointment, they would be disqualified from holding positions such as director, trustee, or officer of any corporation.
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