The correct answer is A. corporate charter.
A corporate charter is a document that is filed with the state in which a corporation is incorporated. It contains information about the corporation, such as its name, purpose, and authorized capital stock. The corporate charter also contains provisions that govern the corporation’s internal affairs, such as how directors are elected and how the corporation’s assets are distributed in the event of dissolution.
One of the provisions that may be included in a corporate charter is a right of first refusal. This right gives the corporation the first opportunity to purchase any shares of stock that are offered for sale by a shareholder. This right can be used to prevent a shareholder from selling their shares to a third party who may not be in the best interests of the corporation.
The other options are incorrect.
- B. Selling charter is not a legal term.
- C. Laws are not typically used to control and prevent the transfer of shares of stock.
- D. Purchase chart is not a legal term.