(Solved): Harry owns 1,000 shares of stock in Xit Corporation. What is the effect on Xit Corporation if Harry ...

Harry owns 1,000 shares of stock in Xit Corporation. What is the effect on Xit Corporation if Harry dies? Multiple Choice A stockholder's death has no effect on a corporation. Xit must reorganize to reflect the change in ownership. Xit will have 3 months to resell the stock. Xit will cancel Harry's shares of stock.