Titan 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

Titan Business Corporation can be compelled to dissolve by itself, through its shareholders and directors, or by the state. The state can compel dissolution in cases of non-compliance with legal requirements, violation of law, and other such reasons. On the other hand, shareholders and directors can decide to dissolve the corporation through a vote, especially if they believe it is in the best interest of the shareholders and the corporation.

Titan Business Corporation Can Be Compelled to Dissolve by