Question:
State whether the following statement is True or False :
Depositors are given voting rights.
State whether the following statement is True or False :
Depositors are given voting rights.
Depositors are given voting rights.
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Voting Rights = Ownership. Since depositors are lenders (creditors) and not owners, they do not get to vote.
Updated On: Sep 12, 2025
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Solution and Explanation
Depositors are creditors of the company; they have lent money to the company in the form of deposits. Voting rights are a privilege of ownership, which rests with the equity shareholders. Creditors, including depositors, do not have voting rights in the company's general meetings.
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