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

Question

Quizplus · Accepted Answer

Since Max's ownership has not yet been entered into Little's stock book, he is not yet officially a shareholder and cannot cast a vote at the meeting. Kelly, as the current shareholder, would still be able to cast a vote.

Kelly Transfers Shares of Stock That She Owns in Little