Assertion: close corporation's stock | /r/HasProperty | offered
Facets:
Source sentences:
text: The stock of a “close” corporation also shall be subject to restrictions of stock transfer, such as a first-refusal option requiring that, should a shareholder elect to sell, the stock must be offered to the corporation or to any other holder of securities in the corporation.
text: A privately held company, private company, or close corporation is a business that is not owned by the government, non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately or over-the-counter.