Assertion: close corporation's share | /r/Synonym | pre‐emptive right
Facets:
Source sentences:
text: Stockholders have the right to: vote for the members of the Board of Directors and any other items requiring stockholders action; receive dividends when authorized by the Board of Directors; have first right of refusal when additional shares are issued, thereby allowing the stockholder to maintain the same ownership percentage of the company before and after the new shares are issued (called a pre‐emptive right); and share in assets up to their investment, if the company is liquidated.