When Independent Stock Transfer Agents Are Not Employed and the Corporation

question 30

Multiple Choice

When independent stock transfer agents are not employed and the corporation issues its own stock and maintains stock records, canceled stock certificates should:

• A)be defaced to prevent reissuance and attached to their corresponding stubs.
• B)not be defaced but be segregated from other stock certificates and retained in a canceled certificates file.
• C)be destroyed to prevent fraudulent reissuance.
• D)be defaced and sent to the secretary of state.

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Definitions:

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The maltreatment of a person, often resulting in physical, emotional, sexual, or psychological harm.

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The impact of a person's rank by age among siblings on their personality, behavior, and psychological development.

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The youngest child in a family or the most recently born member of any sequence.

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