Which of the Following Statements Is TRUE? a Shareholder Has

Multiple Choice

Which of the following statements is TRUE? A shareholder has a legal right to participate in the management of the corporation

A) in no circumstances.
B) only if elected as a director or appointed as an officer or employee.
C) only if elected as a director, or appointed as an officer or employee, or when exercising management powers acquired under a unanimous shareholders agreement.
D) only when the shareholder holds a majority of the shares issued by the corporation.
E) only when exercising management powers acquired under a unanimous shareholders agreement.