Which of the following must a corporation do first when initiating voluntary dissolution procedures?
A) The directors must file articles of dissolution with the secretary of state.
B) The directors must notify the local court with jurisdiction over any claims.
C) The officers must resign.
D) The directors must resign.
E) The court must appoint a receiver.

Question

Quizplus · Accepted Answer

The first step in the voluntary dissolution of a corporation involves the directors filing articles of dissolution with the secretary of state. This is a formal legal process that officially starts the dissolution process.

Which of the Following Must a Corporation Do First When