Dylan Has Purchased Stock in a New Corporation

question 6

Multiple Choice

Dylan has purchased stock in a new corporation.As proof of ownership,Dylan will receive:

• A)a dividend
• B)a stock certificate.
• C)a corporate charter.
• D)a pre-emptive right.

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Definitions:

State Legislatures

The legislative bodies in each of the states within the United States, responsible for making, amending, and repealing state laws.

General Incorporation Law

Legal statutes that facilitate the establishment of corporations by providing standardized procedures and requirements for incorporation.

For-Profit Corporations

Businesses that are established to generate profit for their owners, with revenues exceeding costs.

Laws

The system of rules created and enforced through social or governmental institutions to regulate behavior.