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With Perpetual Existence, the Death or Retirement of a Shareholder

Question 416

Multiple Choice

With perpetual existence, the death or retirement of a shareholder:


A) does not bring about the termination of the corporation
B) brings about the termination of the corporation
C) brings about the termination of the corporation in a five year period
D) brings about the termination of the corporation if the shareholder had more than a 10% share
E) brings about the termination of the corporation if the shareholder had more than a 30% share

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