Which of the following shareholders would qualify for access to the corporate books and records?
A)a shareholder who owns 5 percent of any class of stock
B)a shareholder who owns 5 percent of all the outstanding stock of a corporation
C)a shareholder who has owned stock for six months
D)All of the above shareholders qualify.

Question

Quizplus · Accepted Answer

According to most state laws, a shareholder who owns at least 5 percent of any class of stock, a shareholder who owns 5 percent of all outstanding stock of a corporation, and a shareholder who has owned stock for at least six months qualify for access to the corporate books and records. Therefore, all of the above shareholders would qualify for access.

Which of the Following Shareholders Would Qualify for Access to the Corporate