A person must own a majority of shares in a corporation in order to be considered a controlling shareholder.

Name: A person must own a majority of shares in a corporation in order to be considered a controlling shareholder.
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Question

Quizplus · Accepted Answer

A controlling shareholder does not necessarily need to own a majority of shares; they just need enough shares to exert significant influence over the company's decisions, which can be less than 50% if the remaining shares are widely dispersed.

A Person Must Own a Majority of Shares in a Corporation