Which one of these is not a right generally granted to shareholders?
A)Right to elect individuals to the board of directors
B)Right to purchase shares of any new stock issue
C)Right to receive proportional dividends
D)Right to vote to approve or reject a merger offer
E)First right to liquidation proceeds

Question

Quizplus · Accepted Answer

E) First right to liquidation proceeds is not generally a right granted to shareholders. In the event of liquidation, creditors and bondholders are typically paid before shareholders. Shareholders may have rights to any remaining assets, but they are not granted a "first right" to liquidation proceeds.

Which One of These Is Not a Right Generally Granted