A majority of shareholders of FamLi Co.wish to expel Glenn,a minority shareholder.In most states,the company cannot expel Glenn unless:

Question

Quizplus · Accepted Answer

In most states, a company cannot expel a minority shareholder unless it pays a fair price for the shareholder's stock or there is a legitimate business purpose for the expulsion. Therefore, both options A and B are required in order for the company to expel Glenn.

A Majority of Shareholders of FamLi Co