Luzzos Corp

Multiple Choice

Luzzos Corp. is a closely held corporation where: "The right to transfer shares needs to be restricted in some manner". This is most likely to be done by

A) giving the right of first refusal to the existing shareholders.
B) placing the restriction outside the corporate charter.
C) giving a large shareholder the right of veto.
D) required consent of the board of directors.
E) placing the restriction in a by- law.