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 considered a dissident shareholder because she is advocating for changes and encouraging other shareholders to vote against management. A is incorrect because unless Roxanne is a member of the board of directors, she is not entitled to obtain the minutes of their meetings. C is incorrect because unless there is a specific provision in the articles of incorporation or bylaws allowing for buybacks, Roxanne cannot force the corporation to buy back her shares. D is incorrect because Roxanne does not have the right to force the corporation into liquidation unless there are specific circumstances, such as insolvency or a court order. E is incorrect because Roxanne is entitled to obtain a list of shareholders from the corporation under certain circumstances, such as if she intends to communicate with other shareholders for the purpose of advocating for changes.

Roxanne Is a Minority Shareholder in Sumner Inc