Claude will be a minority shareholder in a new corporation. All interested parties are now in a meeting to draft the incorporating documents. To protect his rights as a minority shareholder, Claude wants certain provisions included in a well drafted shareholder's agreement. Which of the following provisions is unnecessary and won't be included in such an agreement?
A) the right to participate in management
B) the right to a fair price for her share interest
C) for the unanimous approval of all shareholders
D) the right to employment
E) for the agreement to be included inside the charter
Correct Answer:
Verified
Q21: The first directors of a corporation hold
Q22: The first directors of a corporation hold
Q24: Regarding financial rights, shareholders have a right
Q25: The decision- making function of the corporation
Q27: One of the duties owed by directors
Q28: If a corporation is insolvent, directors can
Q29: Which of the following statements is INCORRECT?
A)
Q30: Jack is a director of Metallica, a
Q31: Unlike some U.S. courts, Canadian courts have
Q39: If a corporation is profitable,directors must declare
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents