Under the Uniform Securities Act, an investment advisory contract must contain (in writing) all of the following provisions EXCEPT:
A) on the departure or death of a majority shareholder of an investment advisory corporation, the advisory agreement must be renewed to prevent an unlawful assignment of the account.
B) the adviser, if a partnership, must notify the client of any change in the partnership's membership.
C) the investment adviser's compensation shall not be based on capital gains in client accounts.
D) no assignment of the investment advisory contract may be made without the client's consent.
Answer: A