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