Standard Business Corporation can be compelled to dissolve by
A) its creditors only.
B) itself, through its shareholders and directors, only.
C) itself, through its shareholders and directors, or the state.
D) the state only.

Question

Quizplus · Accepted Answer

A standard business corporation can be compelled to dissolve by itself, through its shareholders and directors, or the state. This can happen due to a variety of reasons such as failure to pay taxes or violating state regulations. It is important to note that while creditors may play a role in forcing the dissolution of a corporation, they do not have the power to do so on their own.

Standard Business Corporation Can Be Compelled to Dissolve by