A shareholder would have all of the following rights EXCEPT the right to:
A) bring suit against the corporation to require payment of his declared dividend.
B) see corporate financial statements in order to value his share for future sale.
C) inspect the corporate records in order to discover customer lists to share with a competitor.
D) bring suit on behalf of the corporation to recover improper dividends.

Question

Quizplus · Accepted Answer

Shareholders have rights to bring suit against the corporation for dividends, see financial statements for valuation, and bring suit on behalf of the corporation. However, they do not have the right to inspect corporate records to share confidential information, such as customer lists, with competitors. This would be a breach of their duty to the corporation.

A Shareholder Would Have All of the Following Rights EXCEPT