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Luzzos Corp. is a closely held corporation where "The right to transfer shares needs to be ...

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Luzzos Corp. is a closely held corporation where "The right to transfer shares needs to be ...

Luzzos Corp. is a closely held corporation where "The right to transfer shares needs to be restricted in some manner." This is most likely to be done by
a. required consent of the board of directors.
b. placing the restriction outside the corporate charter.
c. giving the right of first refusal to the existing shareholders.
d. placing the restriction in a by-law.
e. giving a large shareholder the right of veto.

Textbook

The Law and Business Administration in Canada

Edition: 14^th

Authors: Smyth, Soberman, Easson, McGill

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Ashorn Author

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