Multiple Choice
Lucy owns 10 shares of stock in Quamba,Inc.Lucy wishes to place a proposal in a company's proxy statement to be voted on at the shareholders' meeting.Pursuant to the SEC rules,before Lucy is allowed to place her proposal on the proxy statement she must
A) have owned continuously for one year at least one percent of the company and $2,000 or more of the stock.
B) have owned continuously for one year at least one percent of the company or $2,000 or more of the stock.
C) have the permission of the board of directors.
D) have been a stockholder for at least two years.
Correct Answer:
Verified
Correct Answer:
Verified
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