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Often Shareholders in Closely Held Corporations Want to Formally Set

Question 55

Multiple Choice

Often shareholders in closely held corporations want to formally set out their rights and responsibilities with respect to each other that are not already included in the incorporating documents.To best achieve this they have the following document prepared on their behalf:


A) a franchise agreement.
B) a partnership agreement.
C) a prospectus.
D) a receivership agreement.
E) a shareholders' agreement.

Correct Answer:

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