Investor has purchased 100 shares of the common stock of the Everyman Corporation. As such, which of the following is not a right that Mr. Investor has?

Question

Quizplus · Accepted Answer

Mr. Investor does not have the right to vote on the purchase of a major piece of property that Everyman is considering or any decision involving business operations. He does have the right to receive dividends, if dividends are declared, based on his proportionate ownership of the firm. He also has the right to vote on the members of the firm's board of directors and to vote on any proposed changes to the corporate bylaws.

Investor Has Purchased 100 Shares of the Common Stock of the Everyman