Restrictions on Share Transfer Can Take Many Forms

Multiple Choice

Restrictions on share transfer can take many forms.The most common restrictions include all of the following EXCEPT

A) requiring the consent of the board of directors to any transfer.
B) giving a right of first refusal to existing shareholders or directors before an outsider can sell.
C) giving a majority shareholder a right of veto.
D) implementing a "shotgun" clause.
E) requiring the consent of existing directors to approve any proposed new member of the corporation.