Question

Which authorization sequence most likely complies with Section 14AA of KCS Act?

• A. Due diligence -> Regulatory filings -> Member approval -> Concept -> Incorporation
• B. Regulatory filings -> Concept -> Due diligence -> Incorporation -> Member approval
• C. Concept -> Due diligence -> Member approval -> Regulatory filings -> Incorporation
• D. Member approval -> Incorporation -> Concept -> Due diligence -> Regulatory filings

Answer 1

Answer:

C. Concept -> Due diligence -> Member approval -> Regulatory filings -> Incorporation

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