What are rights and liabilities of a member of a company?

Members of a company, typically shareholders, have specific rights and liabilities. Rights include the ability to vote on major company decisions, receive dividends, and access company information. Conversely, their liabilities are generally limited to the amount unpaid on their shares, meaning they are not personally responsible for the company's debts beyond their investment. However, certain situations, like fraud or improper conduct, can lead to personal liability.