In the absence of restrictive provisions, what are the basic rights of stockhold
ID: 2330147 • Letter: I
Question
In the absence of restrictive provisions, what are the basic rights of stockholders of a corporation?
The basic rights are to share proportionately in assets, in management decisions (the right to oversee all managements), and in any new bonds issued.
The basic rights are to share proportionately in profits, in management (the right to vote for directors), in corporate assets upon liquidation, and in any new issues of stock of the same class.
The basic rights are to share proportionately the decisions of the corporate structure, in management (the right to vote for bond elections), and in any new issues of stock of the same class.
The basic rights are to share in the dividends given, in proportionately in profits and losses, in management (the right to vote for directors), in corporate liabilities upon liquidation, and in any new issues of stock of the same class.
1.The basic rights are to share proportionately in assets, in management decisions (the right to oversee all managements), and in any new bonds issued.
2.The basic rights are to share proportionately in profits, in management (the right to vote for directors), in corporate assets upon liquidation, and in any new issues of stock of the same class.
3.The basic rights are to share proportionately the decisions of the corporate structure, in management (the right to vote for bond elections), and in any new issues of stock of the same class.
4.The basic rights are to share in the dividends given, in proportionately in profits and losses, in management (the right to vote for directors), in corporate liabilities upon liquidation, and in any new issues of stock of the same class.
Explanation / Answer
In the absence of restrictive provisions, the basic rights of stockholders of a corporatio are
2)The basic rights are to share proportionately in profits, in management (the right to vote for directors), in corporate assets upon liquidation, and in any new issues of stock of the same class.
In the absence of restrictive provisions, the basic rights of stockholders of a corporatio are
2)The basic rights are to share proportionately in profits, in management (the right to vote for directors), in corporate assets upon liquidation, and in any new issues of stock of the same class.
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