Romano, a shareholder of Specific General Inc., wishes to communicate with other shareholders concerning matters related to the corporation. So he requests the management to provide him with a list of all shareholders of the corporation. Citing administrative burden, the management informed Romano that shareholders could not review such records. The management turns down repeated requests citing the same reason. In this scenario, Romano:
A) can bring suit to enforce his right to examine the shareholder list as he has proper purpose.
B) cannot hold Specific General liable because the Model Business Corporation Act (MBCA) discourages the disclosure of shareholder information.
C) should appeal for amendment of the corporation's laws to make public all shareholder information.
D) will be penalized 10 percent of value of his shares if he loses an appeal against the management.
Correct Answer:
Verified
Q28: A shareholder's functions includes:
A) election of investors.
B)
Q29: Stock splits:
A) are a type of dividend.
B)
Q30: Dividends on _ stock, if not paid
Q31: Under the Model Business Corporation Act (MBCA),
Q32: Long-term, secured debt securities are called _.
A)
Q34: One can become a shareholder:
A) by buying
Q35: To appoint a proxy, the Model Business
Q36: Which of the following statements about debt
Q37: Under the Model Business Corporation Act (MBCA),
Q38: Distributions of shares in the corporation itself
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