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Management of a close corporation often resembles that of a, but a corporation must meet the statutory requirements to remain a corporation. Often, shareholders in a close corporation the transferability of shares. If a majority shareholder misappropriates company funds, the normal remedy for the other shareholders is to have their shares to determine the value and then that value.
a. Partnership
b. restrict
c. appraised
d. receive

Respuesta :

jepessoa

Answer:

Management of a close corporation often resembles that of a PARTNERSHIP, but a corporation must meet the statutory requirements to remain a corporation. Often, shareholders in a close corporation RESTRICT the transferability of shares. If a majority shareholder misappropriates company funds, the normal remedy for the other shareholders is to have their shares APPRAISED to determine the value and then RECEIVE that value.

Explanation:

A closed corporation is a company where at least 50% of the total outstanding shares are owned by 5 or less shareholders. Generally, but not always, the shares of closed corporations are not sold in public stock markets. That means that the shares of closed corporations are not easily traded and it restricts the shareholders' ability to trade them.

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