Which of the Following Statements Reflects the Transferability of Ownership

question 173

Multiple Choice

Which of the following statements reflects the transferability of ownership rights in a corporation?

• A) If a shareholder decides to transfer ownership, he must transfer all of his shares.
• B) A shareholder may dispose of part or all of his shares.
• C) A shareholder must obtain permission of the board of directors before selling shares.
• D) A shareholder must obtain permission from at least three other shareholders before selling shares.

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