n NISM Certifications
X NISM Series X
Medium

In a Shareholders’ Agreement, shares subject to 'Right of First Refusal' require that _______.

Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Shares be offered first to existing shareholders before third parties

    Correct answer

  2. B

    Shareholders can prevent sale to third parties

  3. C

    Seller refuses the offer first before negotiation

  4. D

    Shareholders sell their shares before buying new ones

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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