A(n) _______ is an action brought by a share- holder on behalf of the shareholder and his or her entire class of shareholders against the cor- poration stemming from a cause of action belonging personally to the shareholder and the class the shareholder represents.
A) derivative action
B) class action
C) representative action
D) individual shareholder action
Correct Answer:
Verified
Q1: Directors are granted the statutory right to
Q2: A director may be personally liable for
Q3: A(n)_ may be brought by one or
Q4: The statutory authority granted to the board
Q5: The board of directors may not appoint
Q7: The agenda for a meeting of the
Q8: The issuance of stock of a corporation
Q9: A _is the authority given by a
Q10: Under the statutes of most states, annual
Q11: The method of voting that gives minority
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