Question

Section 188: Related Party Transactions. Consider: (1) Board approval is mandatory for all RPTs. (2) Ordinary resolution of members required in certain cases. (3) Related party member cannot vote on such resolutions. (4) Contracts without approval are voidable.

A 1 and 4
B 2, 3, 4
C 1, 2, 3
D 1, 2, 4
E All of the above
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