Final answer:
Treasury stock is held by the company and does not have voting or dividend rights, making the statement false.
Step-by-step explanation:
The statement 'Treasury stock has no voting but does have dividend rights' is false. Treasury stock refers to shares that have been repurchased by the issuing company from shareholders. These shares are then held by the company itself. Treasury stock does not have voting rights as the company cannot vote for itself. Additionally, treasury stock does not have dividend rights either. When dividends are paid, they are not distributed to the shares that are held as treasury stock, as the company essentially cannot pay itself.