What is the maximum number of stockholders allowed in a corporation under the Revised Corporation Code?

Study for the Revised Corporation Code test. Prepare with comprehensive multiple-choice questions and detailed explanations. Boost your knowledge and confidence for your exam day!

Under the Revised Corporation Code, there is no maximum number of stockholders that a corporation can have. This flexibility allows for a corporation to scale and increase its equity base to accommodate growth and attract more investors. It is particularly beneficial for larger corporations or those intending to raise substantial capital through stock sales, as having a larger pool of stockholders can enhance the corporation's ability to raise funds and maintain a diverse ownership structure. This approach also aligns with the modern dynamics of corporate governance, where inclusivity in ownership can lead to better decision-making and greater stakeholder engagement.

In contrast, the other options present fixed limits that do not exist under the Revised Corporation Code, making them inaccurate.

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