A shareholder would have all of the following rights EXCEPT the right to:
A) inspect the corporate records in order to discover customer lists to share with a competitor.
B) see corporate financial statements in order to value his share for future sale.
C) bring suit against the corporation to require payment of his declared dividend.
D) bring suit on behalf of the corporation to recover improper dividends.

Question

Quizplus · Accepted Answer

Shareholders have rights to inspect corporate records, but not for purposes that would harm the corporation, such as sharing customer lists with competitors. Sharing customer lists with competitors could be considered a breach of fiduciary duty or corporate espionage.

A Shareholder Would Have All of the Following Rights EXCEPT