Cengage Advantage Books: Fundamentals of Business Law 9th Edition by Roger LeRoy Miller

Exercise 24

Rights of Shareholders. Lucia has acquired one share of common stock of a multimillion-dollar corporation with more than 500,000 shareholders. Lucia's ownership is so small that she is wondering what her rights are as a shareholder. For example, she wants to know whether owning this one share entitles her to (a) attend and vote at shareholders' meetings, (b) inspect the corporate books, and (c) receive yearly dividends. Discuss Lucia's rights in these three matters. (See Shareholders.)