Vidyalelo
Commerce · Q859

Financial Management

Graduate and Post Graduate · Commerce · question 859

Q859

A right which controls and prevents transfer from current stockholders to other new stockholders is considered as

A.
corporate charter
Answer
B.
selling charter
C.
laws
D.
purchase chart

Answer: Option A

Solution

Answer: Option A
Solution:
A right which controls and prevents transfer from current stockholders to other new stockholders is considered as corporate charter. A corporate charter, also known as a "charter" or "articles of incorporation," is a written document filed with the Secretary of State (or registrar in Canada) by the founders of a corporation.