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The Complete Idiot's Guide® To Lawsuits by Victoria E. Green

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Shareholder Suits and Derivative Actions

When you buy stock or shares in a corporation, you become an owner of that corporation. The more stock you buy, the bigger a share of the corporation you own. Once you’ve paid for the stock, your financial obligation is over. You are protected from losing anything other than the amount of money you invested in the stock. If the corporation owes someone money, that creditor cannot come directly to you for payment. This is because you are protected from having to pay for anything other than the shares of stock that you own through limited liability. In exchange for that protection, you do not have the power to directly manage the corporation. You have the power to vote for people to manage the corporation, ...

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