Shareholder control device that is perpetual

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Reference no: EM131708161

1. Kathleen disagrees with a decision that the board of directors of Ydserv, Inc., has made to acquire a new product line. It is costly, risky, and will lead to major short-term losses for Ydserv and a significant decrease in the share price. She wants the corporation to pay her the fair value of her shares so she can exit. What rights provide her this option?

Preemptive rights

Dissenters' rights

Dissolution rights

Inspection rights

Information rights

2. Which of the following is a shareholder control device that is perpetual, must be written, and is binding only on those shareholders who sign it?

Quorum

Voting trust

Shareholder voting agreement

Share exchange

Irrevocable proxy

Reference no: EM131708161

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