Restrictions on Transfer of Shares

question 35

Multiple Choice

Restrictions on transfer of shares:

• A)exist only for closely held corporations to control who may become shareholders.
• B)are valid under the common law if they are reasonable and adopted for a lawful purpose.
• C)are valid under the Revised Act if the restriction is conspicuously noted on the stock certificate.
• D)All of the above.
• E)Both (b) and (c).

---

Definitions:

Hygiene

Practices and conditions that help maintain health and prevent the spread of diseases.

Radiation Concerns

Issues and worries related to the exposure to and emission of radiation, especially concerning its health effects on living organisms and the environment.

Nuclear Power

The use of nuclear reactions to generate heat, which is then used in power plants to produce electricity.

Harm Assessment

The evaluation of potential adverse effects caused by substances, activities, or environmental changes on humans, wildlife, or ecosystems.