Which of the following would be a justification for involuntary dissolution of a corporation by a creditor?
A) Misapplication or waste of corporate assets.
B) Directors are in conflict,deadlock cannot be broken by shareholders,and the corporation faces ruin.
C) Corporation is insolvent and not paying its debts.
D) Directors are acting illegally or unfairly.
Correct Answer:
Verified
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A)it can
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Q38: The bylaws of a corporation:
A)usually set up
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Q45: Under the Model Business Corporation Act, a
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