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When a Corporation Desires to Sell a Majority of Its

Question 35

Multiple Choice

When a corporation desires to sell a majority of its assets,which of the following must it obtain?


A) Approval from shareholders,but not from officers or its board of directors.
B) Approval from officers,its board of directors,and shareholders.
C) Approval from its board of directors and shareholders,but not from officers.
D) Approval from its board of directors,but not from shareholders or officers.
E) Approval from officers and its board of directors,but not from shareholders.

Correct Answer:

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