Which of the following references the right of a corporation or its shareholder to purchase any shares of stock offered for resale by a shareholder within a specified period of time?

Question

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One method of restricting stock transferability is called the right of first refusal.If a corporation establishes the right of first refusal in its bylaws,the corporation or its shareholders have the right to purchase any shares of stock offered for resale by a shareholder within a specified period of time.

Which of the Following References the Right of a Corporation