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39. Preemptive Rights... a. The right of the board of directors to call a special meeting. b. The right of a shareholder to purchase newly

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39. Preemptive Rights... a. The right of the board of directors to call a special meeting. b. The right of a shareholder to purchase newly issued stock needed to maintair current ownership interest in the corporation before it is offered to non- shareholders. c. The right of a shareholder to sell shares back to the corporation at par value. 40. The first corporate meeting held to launch the corporation is called... a. The Initial Meeting b. The First Corporate Meeting c. The Organizational Meeting d. The Electoral Meeting 41. The doctrine/rule of law that may allow a plaintiff to sue an owner of a separate lega entity and hold them personally liable is... a. Corporation by Estoppel b. Internal Affairs c. Piercing the Corporate Veil d. Doctrine of Limited Liability 42. When a shareholder sues the board of directors on behalf of the corporation, this is called... a. Shareholder Specific Action b. Shareholder Derivative Action c. Shareholder Limited Action d. Business Judgment Rule

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