The Zazu-Zazu Corporation has recently hit upon hard times.It has been sued several times,and,after being executed on,two judgments remain unsatisfied.Zazu-Zazu has failed to file its last two annual reports.In these circumstances,who can have Zazu-Zazu dissolved?

Question

Quizplus · Accepted Answer

In this scenario, all three parties have the power to dissolve Zazu-Zazu Corporation. The board of directors with approval from a majority of shareholders has the power to dissolve the corporation. The secretary of state can dissolve the corporation if they fail to file their annual reports, making it a legal requirement to file such reports. Finally, creditors can file for the corporation's dissolution if they hold judgments against it, which the corporation has failed to satisfy. Therefore, option E, i.e., A, B, and C, is the correct choice.

The Zazu-Zazu Corporation Has Recently Hit Upon Hard Times