A shareholder of one-third of all the stock in a corporation would be entitled to one-third of all corporate assets of an ongoing company.

Question

Quizplus · Accepted Answer

Shareholders do not have direct claims to a corporation's assets based on their share ownership. Their entitlement to assets primarily comes into play during liquidation, after debts and obligations to creditors have been satisfied. In an ongoing company, shareholders' rights typically involve voting on corporate matters and receiving dividends, rather than direct claims on assets.

A Shareholder of One-Third of All the Stock in a Corporation