Corporations may not be forced to dissolve against the wishes of the board of directors.

Name: Corporations may not be forced to dissolve against the wishes of the board of directors.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Corporations can be forced to dissolve through judicial dissolution if they violate laws, fail to pay taxes, or in cases of deadlock among directors that harm the corporation's interests, regardless of the board of directors' wishes.

Corporations May Not Be Forced to Dissolve Against the Wishes