Which of the following is true of a shareholder's legal duties.
A) Shareholders typically have few legal duties,but minority shareholders can sometimes have fiduciary duties to the corporation and to majority shareholders
B) Shareholders have a fiduciary duty to each other,but not to the corporation.
C) No shareholders ever have any legal duties
D) Shareholders typically have few legal duties,but majority shareholders can sometimes have fiduciary duties to the corporation and to minority shareholders
E) All shareholders have a fiduciary duty not to compete with the company
Correct Answer:
Verified
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