A majority of the board of directors is sufficient to declare stock dividends.Group of answer choicesTrueFalse

The statement is True.

In corporate governance, a majority of the board of directors typically has the authority to declare stock dividends. This decision is usually based on the company's financial position and the interests of its shareholders. Stock dividends can be a way to provide additional value to shareholders without distributing cash. However, the specific requirements can vary based on the company's bylaws and state laws, but generally, a majority vote is sufficient for this decision. It's always good practice to refer to the corporation's bylaws or consult legal counsel for precise governance rules and regulations applicable to the specific corporation in question.