Quiz 28: Corporate Governance and Sarbanes-Oxley Act
Stock Dividends Are a Distribution of Corporate Assets
Stock dividends are a distribution of corporate assets.
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A lawsuit brought on behalf of a corporation,but initiated by a shareholder because the board of directors and officers fail to bring it,is called a derivative suit.
A court of equity "pierces the corporate veil" when it disregards the corporate entity and holds the shareholders of a corporation personally liable for the corporation's debts and obligations.
The board of directors of a corporation is appointed by the executives of the corporation.
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