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JAMB Commerce 2013 Question 21

Question 21

Business Units

Which of the following will NOT be stated in a Memorandum of Association?

  1. A.Name clause.
  2. B.Rights of shareholders.
  3. C.Object clause.
  4. D.Registered office.
Show the answer and explanation

Answer: B (Rights of shareholders.)

Explanation

The Memorandum has the name, registered office, objects, liability and capital clauses. Shareholders' rights are in the Articles.