Which of the Following Is NOT a Distinguishing Feature of Closely

Multiple Choice

Which of the following is NOT a distinguishing feature of closely held corporations?

A) The number of shareholders is restricted.
B) The directors of the company are prohibited from holding more than 60 percent of the outstanding shares.
C) The number of required shareholders can be as small as one.
D) Any invitation to the public to buy shares is prohibited.
E) The right to transfer shares must be restricted in some manner.