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If the Raintree Company Has Accumulated Earnings Each Year but the Directors

Question 79

Multiple Choice

If The Raintree Company has accumulated earnings each year but the directors have not declared dividends for five years, the shareholders may:


A) petition a court of law for redress.
B) override the board by a two-thirds vote.
C) ask for an injunction requiring a dividend to be declared.
D) do nothing but sell their stock.

Correct Answer:

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