The __________ gives shareholders who elect such a right in the articles of incorporation the power to dissolve the corporation.

Question

Quizplus · Accepted Answer

The Statutory Close Corporation Supplement provides shareholders the power to dissolve the corporation if they elect to have such right in the articles of incorporation. The appraisal remedy is a different mechanism that allows shareholders to receive compensation for the value of their shares in certain circumstances, and the U.C.C. is a set of laws governing commercial transactions, not corporate dissolution.

The __________ Gives Shareholders Who Elect Such a Right in the Articles