Multiple Choice
Three classmates incorporated about a week after graduation. The authorized capital was 500,000 common no-par-value shares. Each took one share and each was a director. If the directors decide to issue more shares from the treasury to raise more capital, which of the following provisions ensures that they keep their proportionate holdings?
A) Pre-emptive right provision
B) Indoor-management rule
C) Derivative-action provision
D) Dissent procedure
E) Relief-from-oppression provision
Correct Answer:
Verified
Correct Answer:
Verified
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