What are the rights of shareholders?

In Washington, shareholders have certain legal rights. These rights are known as shareholder rights and can include the right to: • Receive dividends: Shareholders are generally entitled to receive a portion of the profits by way of dividends. • Attend shareholder meetings: Shareholders are allowed to attend annual meetings and may even receive notification of the meeting and related documents in advance. • Vote on certain matters: Shareholders have the right to vote on certain matters such as the election of directors and amendments to the company’s charter. • Receive annual reports: Shareholders have the right to receive an annual report of the company’s operations and financial position. • Sue the company: Shareholders have a right to sue the company for any wrongdoings that caused them a financial loss. • Transfer shares: Shareholders have the right to transfer their shares to another person or entity without the consent of the other shareholders. • Receive a proportion of the proceeds: Shareholders are entitled to receive a proportionate share of the proceeds in the event of a liquidation or sale of the company. These are the basic rights of shareholders in Washington State. These rights are designed to ensure that shareholders are properly informed and compensated for their investment in the company.

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