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; 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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