Which of the following should occur in the face of the board not wishing to be involved in liquidation proceedings?
A) The court should enter an injunction requiring that at least half of the directors proceed with liquidation regardless of whether they want to do so.
B) A court should appoint a bankruptcy trustee to handle liquidation.
C) The court should enter an injunction requiring all the directors to proceed with liquidation regardless of whether they want to do so.
D) A court should appoint a receiver not affiliated with the corporation to take over liquidation duties.
E) Janelle,as president,is required to take over liquidation duties.
Correct Answer:
Verified
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