If a Company's Constitution Does Not Contain Rules Governing the Forfeiture

Multiple Choice

If a company's constitution does not contain rules governing the forfeiture of shares, then the company:

A) may forfeit shares but not reissue them.
B) cannot forfeit shares.
C) may forfeit shares and reissue them at a later date.
D) can register the shares in the name of another shareholder, but cannot receive payment from that shareholder.