A shareholder is permitted to submit a resolution to be considered by other shareholders only if he or she ________.

A.

has owned shares of the company of any amount for longer than five years

B.

owns at least 1 percent of all shares of the company

C.

owns at least $1,000 worth of shares of the company's stock

D.

has served as a former member of the company's board of directors

After a share exchange, one corporation owns all the shares of the other corporation.

A.

True

B.

False