Winding up a corporation's affairs can only be performed under court supervision.

Question

Quizplus · Accepted Answer

While winding up a corporation's affairs can be a complicated process, it does not necessarily require court supervision. In some cases, it can be handled by the corporation's officers and directors or a designated liquidator. However, court supervision may be necessary if there are disputes among stakeholders or if there is concern about the proper distribution of assets.

Winding Up a Corporation's Affairs Can Only Be Performed Under