Social Studies, 20.03.2020 21:37 juana18
Hughes and Brody start a business as a close corporation. Hughes owns 51 of the 100 shares of stock issued by the firm and Brody owns 49. One year later, the corporation decides to sell another 200 shares. Which of the following types of rights would give Hughes and Brody a preference over other purchasers to buy shares to maintain control of the firm?
a. Shareholder derivative rights.
b. Preemptive rights.
c. Cumulative voting rights.
d. Inspection rights.
Answers: 3
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Hughes and Brody start a business as a close corporation. Hughes owns 51 of the 100 shares of stock...
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