Which one of the following is NOT a stockholder's right of ownership in a corporation?
A)the right to participate in management by voting on matters that come before the stockholders
B)the right to receive a proportionate share of the assets remaining after all liabilities are paid upon liquidation
C)the right to maintain one's proportionate share of ownership in the corporation
D)the right to decide if a dividend should be distributed

Question

Quizplus · Accepted Answer

While shareholders have the right to receive dividends, they do not have the ultimate decision-making power over whether or not to distribute them. This decision is typically made by the board of directors.

Which One of the Following Is NOT a Stockholder's Right