1. A close corporation wants their shareholder agreement to indicate that shareholders can withdraw with six months'...
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1. A close corporation wants their shareholder agreement to indicate that shareholders can withdraw with six months' notice. What else should the transfer restrictions in the share agreement state?
2. The Solamar Resorts, Inc. has fifty thousand common shares authorized. Of these authorized shares, twenty-five thousand are issued and outstanding. If the board holds that each stockholder should get a stock dividend of one common share for each he already owns, are there are enough authorized shares to do so without amending the articles?
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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