What Are the Three Basic or Inherent Rights, If There

Question

Examlex · Accepted Answer

The Answer is If there are no restrictive provisions, each share gives the following three basic or inherent rights:
1. To share proportionately in profits and losses
2. To share proportionately in management (that is, the share gives the right to vote for directors)
3. To share proportionately in the corporate assets upon liquidation of the corporation
The CBCA allows a corporation to assign a fourth right: the right to share proportionately in any new issues of shares of the same class. This right is known as a pre-emptive right

What Are the Three Basic or Inherent Rights, If There

Essay

Correct Answer:
Verified

What Are the Three Basic or Inherent Rights, If There

Essay

Correct Answer:VerifiedShow Answer

Correct Answer:
Verified