Which of the following statements reflects the transferability of ownership rights in a corporation?
A) If a stockholder decides to transfer ownership, he must transfer all of his shares.
B) A stockholder may dispose of part or all of his shares.
C) A stockholder must obtain permission of the board of directors before selling shares.
D) A stockholder must obtain permission from at least three other stockholders before selling shares.

Question

Quizplus · Accepted Answer

In a corporation, stockholders have the right to sell or transfer part or all of their shares without needing permission from the board of directors or other stockholders.

Which of the Following Statements Reflects the Transferability of Ownership