A Primary Responsibility of a Registrar of Capital Stock Is

question 43

Multiple Choice

A primary responsibility of a registrar of capital stock is to:

• A)Determine that dividends paid do not exceed the amount allowable by law.
• B)Act as an independent third party between the board of directors and outside investors concerning merger,acquisition,and other major decisions.
• C)Avoid any overissuance of stock.
• D)Maintain detailed stockholder records and carrying out transfers of stock ownership.

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Definitions:

Repulsion Motor

A type of induction motor that operates on the principle of repulsion between two magnetic fields, resulting in rotor movement.

Capacitor-start Capacitor-run Motor

A type of single-phase induction motor that uses a capacitor in both the starting and running circuits for better efficiency and torque.

Continental Army

The revolutionary war army authorized by the Continental Congress in 1775, led by General George Washington, to fight against British rule during the American Revolution.