- /1 E View Policies Current Attempt in Progress Hana has prepared the following list of statements about corporations. Identify each statement as true or false 1 w . 5. > 6. Creditors have a legal claim on the personal assets of the owners of a corporation if the corporation does not pay its debts. Ina public company, the transfer of shares from one owner to another requires the approval of either the corporation or other shareholders. The board of directors of a corporation is elected by the shareholders.