Under the MBCA,a corporate official who denies a proper demand by a shareholder to inspect the shareholder list:
A) is liable for a penalty of 10 percent of the value of the shares of the demanding shareholder.
B) is liable for a penalty of 30 percent of the value of the shares of the demanding shareholder.
C) is not subject to any liability under the MBCA.
D) is liable for a penalty of 15 percent of the value of the shares of the demanding shareholder.
Correct Answer:
Verified
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