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    Business Law Study Set 4
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    Exam 44: Shareholders Rights and Liabilities
  5. Question
    If a Shareholder Receives a Dividend with Knowledge of It
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If a Shareholder Receives a Dividend with Knowledge of It

Question 34

Question 34

True/False

If a shareholder receives a dividend with knowledge of it being an illegal distribution,the shareholder is liable to the corporation for the amount of the dividend.

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