Which information about corporate officers must be provided in the application?

• A. Name, residence address and title of each officer and director
• B. Name of the chief executive officer only
• C. Names and addresses of all employees
• D. State-issued corporate number

Answer: (A)

The information being tested is the disclosure of who runs the corporation. The application requires the name, residence address, and title of each corporate officer and director, so regulators know exactly who has authority to act for the company and who can be held responsible for decisions. Providing only the chief executive officer’s name leaves out other officers and directors who may have signing or fiduciary authority, so it wouldn’t meet the disclosure requirement. Listing employees isn’t the same as listing officers or directors, and a state-issued corporate number is just an administrative identifier, not the personal details of those in charge.