A Proxy Is

question 162

Multiple Choice

A proxy is:

• A) A contractual commitment by an investor to purchase unissued shares of stock.
• B) An arbitrary amount assigned to no-par stock by the corporation's board of directors.
• C) A document that delegates a stockholder's voting rights to an agent.
• D) An amount of assets defined by state law that stockholders must invest and leave invested in a corporation.
• E) The right of common stockholders to protect their proportionate interests in a corporation by having the first opportunity to purchase additional shares of common stock issued by the corporation.