All but which of the following may be used as collateral in a secured transaction under UCC Article 9?

Which of the following statements reflects the transferability of ownership rights in a corporation?

a. If a stockholder decides to transfer ownership, he must transfer all of his shares. b. A stockholder may dispose of part or all of his shares. c. A stockholder must obtain permission of the board of directors before selling shares. d. A stockholder must obtain permission from at least three other stockholders before selling shares.

Which of the following corporate actions is subject to shareholder approval?

A. Election of officers. B. Removal of officers. C. Declaration of cash dividends. D. Removal of directors.