Dissolution that is judicial may be brought about when:
A) a shareholder brings a proceeding because the directors are deadlocked in management of the corporate affairs and the corporation is suffering irreparable injury.
B) the board of directors creates a resolution approved by shareholders to dissolve.
C) the shareholders of a closely held corporation adopt a unanimous agreement to dissolve.
D) the corporation is without a registered agent for over 60 days.
Correct Answer:
Verified
Q48: A short-form merger:
A) is not a merger
Q49: The concept of a combination that makes
Q50: If a company owns 90 percent or
Q51: Appraisal rights:
A) belong to dissenting shareholders.
B) can
Q52: Liquidation of a corporation:
A) is carried out
Q54: If Elliot, a shareholder who dissents to
Q55: Generally, the secretary of state may commence
Q56: The combination of two or more corporations'
Q57: The Revised Act grants dissenters' rights:
A) to
Q58: A consolidation:
A) has precisely the same result
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