Question

Besides the right to vote, what are the other major legal rights of shareholders? (Check all that apply.)

- to sell stock to others
- to receive annual financial reports
- to receive declared dividends

Answer 1

Shareholders have the right to sell stock, receive annual financial reports, and receive declared dividends.

Step-by-step explanation:

Besides the right to vote, shareholders have other major legal rights, including:

• To sell stock to others: Shareholders have the right to sell their shares of stock to other investors if they choose to do so.
• To receive annual financial reports: Shareholders are entitled to receive annual financial reports from the company, which provide information on the company's financial performance and activities.
• To receive declared dividends: If a company decides to distribute dividends to its shareholders, those shareholders have the right to receive their share of the declared dividends.