Dissolution of a corporation does not terminate its existence and does not require that it liquidate its assets.

Name: Dissolution of a corporation does not terminate its existence and does not require that it liquidate its assets.
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Question

Quizplus · Accepted Answer

Dissolution of a corporation generally initiates the process of winding up its affairs, which includes liquidating its assets to pay off debts and distributing any remaining assets to the shareholders, effectively leading towards the termination of its existence.

Dissolution of a Corporation Does Not Terminate Its Existence and Does