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2 answers

That would be defined in the by-laws.

2007-11-08 07:50:02 · answer #1 · answered by davidmi711 7 · 0 0

In my state, it is defined by state law, and modified to the degree allow by state law in the corporations' bylaws. One limitation in my state is that it is good for only 11 months, unless it states it is good for a different period of time.

2007-11-08 15:55:34 · answer #2 · answered by Darth Vader 6 · 0 0

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