ABSTRACT

In considering the shareholders and their rights, three issues arise-who is a shareholder, what rights shareholders have, and against whom these rights are exercisable. The first issue concerns the validity of the allotment, or transfer of shares, and is addressed primarily in Chapter 6, below, although it has been touched on in Chapter 4. Thus, in this chapter, the question of whether a person is a shareholder will not be central to any question.