When a corporation desires ________, both the shareholders and the board of director's approval must be obtained.
A) to discuss internal business to the corporation
B) to discuss a future merger
C) to sell a majority of its assets
D) to discuss a consolidation
E) to discuss a potential takeover

Question

Quizplus · Accepted Answer

Selling a majority of its assets is a significant decision that affects the corporation's structure and operations, requiring approval from both shareholders and the board of directors to ensure it aligns with the best interests of the company and its stakeholders.

When a Corporation Desires ________, Both the Shareholders and the Board