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Which of the Following Is True of a Shareholder's Legal

Question 49

Multiple Choice

Which of the following is true of a shareholder's legal duties.


A) All shareholders have a fiduciary duty not to compete with the company
B) No shareholders ever have any legal duties
C) Shareholders typically have few legal duties, but majority shareholders can sometimes have fiduciary duties to the corporation and to minority shareholders
D) Shareholders typically have few legal duties, but minority shareholders can sometimes have fiduciary duties to the corporation and to majority shareholders
E) Shareholders have a fiduciary duty to each other, but not to the corporation.

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