What are the legal rights and responsibilities of shareholders?

Shareholders, or owners of a company, have certain rights and responsibilities when it comes to corporate law in Washington. Shareholders have the right to attend any meetings associated with their company and to vote on matters related to the company, such as the election of the board of directors and changes to the company’s goals and objectives. They have the right to review and analyze any financial information supplied by the company and can question the board of directors about the company’s performance. Additionally, shareholders have the right to sell or transfer shares of their company and to receive a dividend, or a payment based on their stock ownership, when one is declared by the board. Shareholders also have certain responsibilities under corporate law in Washington. This includes the responsibility to pay dividends on stock or any fees associated with the transfer of a company’s shares. Shareholders must also pay any taxes due on profits or income received through the company and must comply with any laws or regulations set forth by the government. Overall, shareholders have important rights and responsibilities under corporate law in Washington. They have the right to participate in important matters of the company they own, such as voting on the board of directors and reviewing financial information, as well as the responsibility to pay dividends and taxes and comply with government regulations.

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What are the legal rights and responsibilities of shareholders?

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