Roxanne is a minority shareholder in Sumner Inc.She is very unhappy with the way that the company is being operated.She therefore intends to express her disapproval and advocate changes at the next annual meeting.She will also be encouraging the other 50 shareholders of Sumner to vote against management's proposals.Which of the following statements is TRUE?

Question

Quizplus · Accepted Answer

Roxanne is a dissident shareholder as she is expressing her disapproval and advocating for changes at the annual meeting.

Answer: A
 Roxanne is entitled to obtain the minutes of the directors' meetings as she is a shareholder of the company.

Answer: C
 Roxanne cannot force the corporation to buy back her shares at the same price that she paid for them. However, she can sell her shares in the open market, or she can try to sell her shares to the other shareholders.

Answer: D
 Roxanne does not have the right to force the corporation into liquidation. This would require a court order or a vote of the majority shareholders.

Answer: E
 Roxanne is entitled to obtain a list of shareholders from the corporation under certain circumstances, such as if she needs to communicate with other shareholders in connection with her dissident activities.

Roxanne Is a Minority Shareholder in Sumner Inc