Commerce JAMB

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

A. Name clause
B. rights of shareholders
C. object clause
D. registered office

Correct Answer:

Option B – rights of shareholders

Explanation

A memorandum of association contains a name clause, registered office clause, object (or objective clause), objects clause, liability clause, capital clause, and association clause. An MOA is a type of legal paper that is prepared when forming and registering a limited liability company (LLC).

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