An Agreement Between Shareholders Can Restrict the Transfer of a Close

question 59

True/False

An agreement between shareholders can restrict the transfer of a close corporation's stock.

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Definitions:

Racial-Ethnic Minority

A group of people who have different racial or ethnic characteristics from the majority population in a society.

Underrepresented

Having fewer representatives in a particular group or activity than would be expected based on the general population.

Incumbents

Individuals currently holding a specified position or office, often in the context of political elections where they seek re-election against challengers.

Congressional Members

Individuals elected to represent their constituents in the legislative branch of the United States federal government, specifically in the Senate and House of Representatives.