The Right of a Corporation or Its Shareholder to Purchase

question 55

Multiple Choice

The right of a corporation or its shareholder to purchase any shares of stock offered for resale by a shareholder within a specified period of time is referred to as which of the following?

• A)Right of first purchase
• B)Right of adequate refusal
• C)Right of first acknowledgement
• D)Right of first refusal
• E)Superior right of purchase

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