In which of the following situations may a nonjudicial dissolution of a corporation occur?
A) By shareholders of a close corporation who elect in the articles of incorporation to have the power to dissolve the corporation.
B) By expiration of the time period provided in the articles of incorporation.
C) By voluntary action on the part of all of the holders of outstanding stock.
D) A nonjudicial dissolution may occur in all of the above ways.
E) A corporation may only be dissolved by judicial action.
Correct Answer:
Verified
Q42: Dissolution that is judicial may be brought
Q43: Which of the following is NOT a
Q44: If Sean, a shareholder who dissents to
Q45: Which of the following is untrue about
Q46: A consolidation:
A) has precisely the same result
Q48: In order to lease substantially all of
Q49: Which of the following statements about corporate
Q50: The combination of two or more corporations'
Q51: A(n) _ is a general invitation to
Q52: Liquidation of a corporation:
A) is carried out
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents