Which of the following is false regarding involuntary liquidation?
A) The secretary of state can compel involuntary dissolution if the corporation failed to pay taxes within 60 days of the due date.
B) The state may initiate dissolution procedures.
C) The secretary of state can compel involuntary dissolution if the corporation did not have a registered agent or office in the state for 60 days or more.
D) The secretary of state can compel involuntary dissolution of the corporation if the corporation's duration as specified in its articles of incorporation has expired.
E) Individual shareholders may not petition the state to order dissolution.
Correct Answer:
Verified
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