Which one of the following is NOT a stockholders' right of ownership in a corporation?
A) To vote and elect the board of directors
B) To receive a proportionate share of the assets upon liquidation
C) To maintain one's proportional share of ownership in the corporation
D) To declare dividends

Question

Quizplus · Accepted Answer

While stockholders have the right to receive dividends if declared by the board of directors, they do not have the right to declare dividends themselves. That authority lies solely with the board of directors.

Which One of the Following Is NOT a Stockholders' Right