Multiple Choice
To avoid sharing control with someone they do not know or like, it would be most effective for the shareholders of a close corporation to
A) require more than a majority of directors approve any board action.
B) restrict the transferability of shares to outside persons.
C) reorganize into a sole proprietorship or partnership.
D) hold special shareholders' or directors' meetings on an annual basis.
Correct Answer:
Verified
Correct Answer:
Verified
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