Three Classmates Incorporated About a Week After Graduation

Multiple Choice

Three classmates incorporated about a week after graduation.The authorized capital was 500 000 common no-par-value shares.Each classmate took one share, and each was a director.If the directors decide to issue more shares from the treasury to raise more capital, which of the following provisions ensures that they keep their proportionate holdings?

A) Relief-from-oppression provision
B) Dissent procedure
C) Pre-emptive right provision
D) Indoor-management rule
E) Derivative-action provision