Which of the following statements is TRUE? A shareholder has a legal right to participate in the management of the corporation
A) in no circumstances.
B) only if elected as a director or appointed as an officer or employee.
C) only if elected as a director, or appointed as an officer or employee, or when exercising management powers acquired under a unanimous shareholders agreement.
D) only when the shareholder holds a majority of the shares issued by the corporation.
E) only when exercising management powers acquired under a unanimous shareholders agreement.
Correct Answer:
Verified
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