Question

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 mis-appropriates company funds, the normal remedy for the other shareholders is to have their shares to determine value and then that value.a. partnership.
b. restrict.
c. appraised.
d. recive.

Answer 1

Answer:

Explanation:

The statement in the question is not complete and should be the following with each of the answers provided being part of the statement like so,

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 value and then receive that value.