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    Managers and the Legal Environment
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    Exam 20: Directors Officers And Controlling Shareholders
  5. Question
    A Controlling Shareholder Has a Duty Not to Transfer the Power
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A Controlling Shareholder Has a Duty Not to Transfer the Power

Question 16

Question 16

True/False

A controlling shareholder has a duty not to transfer the power of management to a purchaser the shareholder knows or has reason to believe will use that power to the detriment of the corporation.

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