When a Shareholder Sends in a Proxy Statement to a Corporation

question 86

True/False

When a shareholder sends in a proxy statement to a corporation he or she owns shares in, they relinquish their voting rights to the officers of the corporation.

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Definitions:

Warehouse

A large building where goods are stored before they are distributed to stores or customers.

Photography Shop

A retail business that specializes in selling photographic equipment, processing photos, and may offer related services such as photography classes.

Leasehold Estate

An interest in land that grants the tenant exclusive possession until a specific date.

Restrictive Covenant

A clause typically in an employment or real estate contract that limits what the buyer or employee can do, ensuring certain actions are refrained from.