Under which of the following conditions would a shareholder be liable to the corporation or its creditors?
A) If he/she buys stock that was fully paid for when issued.
B) If he/she deals only with dividends and not shares.
C) If he/she is involved in "watered stock" situations.
D) If he/she was unaware of the illegality of the dividends.
Correct Answer:
Verified
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