Because a director of a closely held corporation breached his duties to the corporation,the corporation lost $15 000.Despite the urging of the shareholders,the board of directors refused to begin an action on behalf of the corporation.Which one of the following provisions would aid the shareholders?
A) relief-from-oppression provisions
B) preemptive right provisions
C) indoor-management rule
D) derivative-action provisions
E) dissent procedure
Correct Answer:
Verified
Q1: ABC Ltd.is a closely held corporation.Two of
Q2: With regard to corporate law,which of the
Q4: Kent incorporated Dynamite Data Ltd.,which worked with
Q5: A real estate agent,by virtue of her
Q7: Three classmates incorporated about a week after
Q9: Smith,director of ABC Ltd.,intercepted a corporate opportunity
Q11: After Bill Roles graduated from university,he incorporated
Q24: You have been asked by two fellow
Q30: Which of the following attracts the dissent
Q33: Which of the following situations would allow
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents