Orin is a shareholder of Pinkwater Corporation.In some states,Orin might in?cur personal liability for Pinkwater obligations if he
A) accepts a dividend knowing that it was paid from retained earn?ings.
B) buys stock for less than its fair-market value.
C) fails to fulfill his fiduciary duty to the majority shareholders.
D) sells his shares.
Correct Answer:
Verified
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