Solved

If the Raintree Company Has Accumulated Earnings Each Year but the Directors

Question 73

Multiple Choice

If The Raintree Company has accumulated earnings each year but the directors have not declared dividends for five years, the shareholders may:


A) do nothing but sell their stock.
B) petition a court of law for redress.
C) ask for an injunction requiring a dividend to be declared.
D) override the board by a two-thirds vote.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents