Question

A subscribed to 1,000 shares of stock of X corporation. She paid 25% of the said subscription. During the stockholders meeting, can A vote all her subscribed shares?

A. No,because the subscription has not yet been fully paid
B. No, because A's shares have become delinquent which cannot be voted
C. No as to the unpaid percentage of subscription
D. Yes, because unpaid shares not delinquent can be voted

Answer 1

No, A cannot vote all her subscribed shares because the subscription has not been fully paid.

Step-by-step explanation:

No, A cannot vote all her subscribed shares during the stockholders meeting because the subscription has not yet been fully paid. The unpaid percentage of the subscription represents the shares that A cannot vote on. Option C correctly states this: No as to the unpaid percentage of subscription.