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When an investor defaults on a payment for shares sold on a subscription basis, the corporation may decide to return all payments to the investor,
When an investor defaults on a payment for shares sold on a subscription basis, the corporation may decide to return all payments to the investor, issue shares equivalent to the number paid for in full or keep the money received with no shares issued. True False Shares held by a company as treasury shares are eligible for a dividend payment if they are re-issued to investors. True False
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