Alfrieda purchased an ownership interest in a corporation.This gives her the right to use the equipment owned by the corporation,as long as her usage does not interfere with the normal operation of the business.

Question

Quizplus · Accepted Answer

Ownership of shares in a corporation does not necessarily give an individual the right to use the corporation's equipment. The corporation's bylaws or shareholder agreements would need to specifically state such a right.

Alfrieda Purchased an Ownership Interest in a Corporation