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Jacob Is a Minority Shareholder in a Closely Held Corporation

Question 8

Multiple Choice

Jacob is a minority shareholder in a closely held corporation. Recently he was dismissed from his marketing management position and now the board of directors is stopping him from transferring his stock to a cousin. He has


A) legal claims against the board of directors.
B) lost his rights as a minority stock holder.
C) been locked- in and frozen out.
D) been locked- in.
E) been frozen out.

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