When a corporation has only one class of shares, which of the following is NOT one of the rights of shareholders?
A)To vote at any shareholder meeting of the corporation.
B)To vote at any director meeting of the corporation.
C)To receive any dividend declared by the corporation.
D)To receive any residual property of the corporation on dissolution.

Question

Quizplus · Accepted Answer

Shareholders do not have the right to vote at director meetings. Directors are appointed by the shareholders and are responsible for making decisions on behalf of the corporation. Shareholders only have the right to vote at shareholder meetings, where they can elect directors and vote on other matters related to the corporation.

When a Corporation Has Only One Class of Shares, Which