All of the following statements are true of the requirements of proxy statements EXCEPT:
A. the proposal cannot exceed 1,000 words.
B. a shareholder may submit only one proposal for a particular shareholder meeting.
C. stockholders must own $2,000 or more shares for at least one year.
D. a proposal should receive no less than 3 percent of vote to be presented at the next shareholder meeting.
Answer: A. the proposal cannot exceed 1,000 words.
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