Which of the Following Statements Is TRUE? a Shareholder Has

question 60

Multiple Choice

Which of the following statements is TRUE? A shareholder has a legal right to participate in the management of the corporation

• A)in no circumstances.
• B)only if elected as a director or appointed as an officer or employee.
• C)only if elected as a director or appointed as an officer or employee or when exercising management powers acquired under a unanimous shareholders agreement.
• D)only when the shareholder holds a majority of the shares issued by the corporation.
• E)only when exercising management powers acquired under a unanimous shareholders agreement.