Which of the following statements about corporate dissolution is INCORRECT?
A) A secretary of state may commence a proceeding to dissolve a corporation for failure to pay taxes.
B) A shareholder may petition a court to dissolve a "deadlocked" corporation.
C) A corporation will be dissolved if all shareholders vote to do so.
D) A corporation cannot be forced into dissolution by a creditor.
Correct Answer:
Verified
Q40: AB Corporation consolidates with ZX Corporation to
Q41: A consolidation:
A) has precisely the same result
Q42: The concept of a combination that makes
Q43: Dissolution that is judicial may be brought
Q44: The combination of two or more corporations'
Q46: Appraisal rights:
A) always give all shareholders the
Q47: A short-form merger:
A) requires shareholder approval.
B) allows
Q48: The right of dissent results in payment
Q49: Generally, the secretary of state may commence
Q50: Which of the following is NOT a
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