Federal Law Requires REITs to Have at Least 20 Shareholders

question 38

True/False

Federal law requires REITs to have at least 20 shareholders. No more than half the shares may be owned by 15 or fewer people.

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Definitions:

Quality Control

The processes and measures implemented to ensure that the quality of a product or service meets the specified standards and requirements.

Established Quality Standards

Set criteria or benchmarks that define the specifications, technical details, and performance measures products or services must meet to ensure they are fit for purpose and meet customer expectations.