Which of the Following Attracts the Dissent Procedure, Which Can

question 109

Multiple Choice

Which of the following attracts the dissent procedure, which can result in the corporation being forced to buy the shares of a shareholder at market value?

• A) When the directors have hidden behind the corporate structure to do a wrong sufficiently serious that the courts would have lifted the corporate veil.
• B) If the directors of a non-reporting corporation fail to allot new shares proportionately to the members.
• C) When the directors of the corporation fail to enforce a right, duty, or obligation owed to the corporation that could be enforced by the corporation.
• D) When the directors conduct the affairs of the corporation in a manner oppressive to one or more of the members.
• E) When major changes are made in the best interests of the corporation that will adversely affect one group of shareholders.

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Definitions:

Cerebral Cortex

The outer layer of the cerebrum in the brain, involved in numerous high-level functions such as perception, memory, thought, and complex motor functions.

Pons

a part of the brain located in the brainstem, which is involved in regulating breathing, communication between different parts of the brain, and sensations such as hearing, taste, and balance.

Pituitary Gland

A pea-sized gland located at the base of the brain, often referred to as the "master gland," because it regulates several other hormone glands in the endocrine system.

Thalamus

A brain structure that acts as a principal relay station for sensory information, directing it to appropriate areas of the brain for processing.