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:

Social life

The part of an individual's time that is spent engaging with others in the community or society.

Social networks

Structures made up of individuals or organizations that are connected by one or more types of interdependency, such as friendships, kinships, common interests, or economic exchanges.

Indirect ties

Connections in a social network that link individuals through intermediaries rather than through direct personal relationships.

Influence them

The action or process of affecting someone's character, development, or behavior without using direct force or command.