1. After creditors are paid in a corporate dissolution, shareholders receive a distribution of the remaining assets _____.
Based on the dates of purchase of their shares
In proportion to their shares
Only if they were original investors in the corporation
Only if they are officers or directors of the corporation
2. Shareholders have the option to dissent from a proposed merger. In doing so, the shareholders can receive which of the following?
Participation in a derivative suit against the board of the surviving corporation.
Par value of their stock.
Fair value of their stock.
Market value of their stock.