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 allows shareholders to elect to have the power to dissolve the corporation, among other things. The Appraisal Remedy is a legal right for dissenting shareholders to receive fair market value for their shares in certain circumstances, while the U.C.C. (Uniform Commercial Code) governs commercial transactions and does not concern itself with corporate dissolution. Therefore, the best choice is C.

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