Which of the Following Is Untrue Regarding Closely Held Corporations

question 24

Multiple Choice

Which of the following is untrue regarding closely held corporations?

• A) Most corporations in the U.S. are closely held.
• B) Shareholders frequently restrict the transfer of shares to prevent "outsiders" from obtaining the stock.
• C) Shareholders usually have little voice in the management and control of the business.
• D) Some states have enacted special legislation to accommodate the needs of closely held corporations.

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