Kelly transfers shares of stock that she owns in Lone Starz Company to Max. A shareholders' meeting takes place before Max's ownership is entered in Lone Starz's stock book. A vote at the meeting can be cast by

Question

Quizplus · Accepted Answer

Although Kelly has transferred her shares to Max, the ownership is not yet officially entered in the stock book. Therefore, Max is not yet recognized as a shareholder and does not have the right to vote at the meeting. Only Kelly, as the officially recognized shareholder, has the right to cast a vote.

Kelly Transfers Shares of Stock That She Owns in Lone