A Holder of a Single Share of Stock Who Objects

question 15

True/False

A holder of a single share of stock who objects to a merger has the power to stop the merger.

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Definitions:

Section 11

A provision within the Securities Act of 1933 that allows investors to sue for damages if a registration statement contains untrue statements or omits crucial facts.

Securities Act

A law enacted in 1933 that governs the initial sale of securities (stocks, bonds) by regulating the offer and sale of these securities to protect investors from fraud.

Auditor

A professional who examines the financial records of an organization to ensure accuracy, compliance with standards, and to suggest improvements.

Delegate Duty

A concept where an individual or entity assigns responsibilities or tasks to another party, typically to ensure tasks are completed by those with specific expertise.