If a corporate charter includes a provision for preemptive rights,the shareholders:

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Preemptive rights give existing shareholders the first option to purchase additional issues of common shares before they are offered to the general public. This allows shareholders to maintain their proportional ownership in the company and can help prevent dilution of their voting power. Option A is incorrect because shareholders are not obligated to sell their shares to the company. Option C is incorrect because preemptive rights only apply to new issues of common shares, not existing treasury shares. Option D is incorrect because preemptive rights have no relationship to cumulative voting procedures.

If a Corporate Charter Includes a Provision for Preemptive Rights,the