The retirement of a majority shareholder brings about the termination of the corporation.

Name: The retirement of a majority shareholder brings about the termination of the corporation.
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Question

Quizplus · Accepted Answer

The retirement of a majority shareholder does not bring about the termination of the corporation. The corporation can continue to operate and the shares of the retiring shareholder can either be sold to another shareholder or bought back by the corporation itself.

The Retirement of a Majority Shareholder Brings About the Termination