Cole is a shareholder of Delta, Inc. Cole will be deemed to have a fiduci?ary duty to Delta and its minority share?holders if he has

Question

Quizplus · Accepted Answer

Shareholders who have enough shares to exercise de facto control over a corporation, regardless of their official titles or positions, are deemed to have fiduciary duties to the corporation and its minority shareholders. The other options, such as a restriction on transferability, a right of first refusal, or watered stock, do not automatically confer fiduciary duties on a shareholder.

Cole Is a Shareholder of Delta, Inc