A Shareholder's Obligation to Repay an Illegally Declared Dividend Depends

Multiple Choice

A shareholder's obligation to repay an illegally declared dividend depends on:

A) the shareholder's good or bad faith in accepting the dividend.
B) the solvency or insolvency of the corporation and,in some instances,special statutory provisions.
C) the shareholder's knowledge of the facts.
D) All of these.