Individual and institutional shareholders have the same rights that include all the following except
A) right to sell stock.
B) right to vote the proxy.
C) the right to bring suit for damages if the economy declines.
D) certain residual rights following the liquidation of the company once creditors and claimants are paid.

Question

Quizplus · Accepted Answer

Even an individual shareholder has several rights, including (1) the right to sell the stock, (2) the right to vote the proxy (which includes the election of board members), (3) the right to bring suit for damages if the directors or managers of the corporation fail to meet their obligations, (4) the right to certain information from the company, and (5) certain residual rights following the liquidation of the company (or its filing for reorganization under bankruptcy laws) once creditors and other claimants are paid off.

Individual and Institutional Shareholders Have the Same Rights That Include