Multiple Choice
Harry owns 1,000 shares of stock in Xit Corporation.What is the effect on Xit Corporation if Harry dies?
A) Xit must reorganize to reflect the change in ownership.
B) Xit will cancel Harry's shares of stock.
C) Xit will have 3 months to resell the stock.
D) A stockholder's death has no effect on a corporation.
Correct Answer:
Verified
Correct Answer:
Verified
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