In Order for a Proxy to Become Valid,the Shareholder Must

question 124

Multiple Choice

In order for a proxy to become valid,the shareholder must:

• A) complete a written proxy statement, and file it with the Securities and Exchange Commission.
• B) complete a written proxy statement, file it with the Securities and Exchange Commission, and receive the appropriate approval from the SEC.
• C) complete a written proxy statement, and deliver it to the proxy holder.
• D) complete a written proxy statement, and deliver it to the corporation.
• E) reach agreement with the proxy holder, but no written statement is required.

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Definitions:

Third-Party Beneficiary

An individual or entity that is not directly involved in a contract but stands to benefit from it as specified by the contracting parties.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights with respect to each other.

Listed Party

An individual or entity that appears on a list due to certain criteria, often used regarding sanctions, where listed parties are restricted from certain transactions and relationships.

Enforceability

The ability of a legal document or agreement to be upheld or compelled by law in a court of justice.