Only 51% of the Shareholders Must Consent to an S

question 119

True/False

Only 51% of the shareholders must consent to an S election.

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Definitions:

Expropriation

The action of a government taking private property for public use, often with compensation to the owner.

Nationalization

The process of transforming private assets into public assets by bringing them under the control of the government.

Public Purpose

The legal justification for government actions aimed at benefiting the community or public at large.

Just Compensation

Compensation that is fair and adequate, especially in the context of eminent domain where property is taken for public use.