When voluntary dissolution procedures are initiated,which of the following must occur first?
A) The directors must file articles of dissolution with the secretary of state.
B) The directors must notify the local court with jurisdiction over any claims.
C) The officers must resign.
D) The directors must resign.
E) The court must appoint a receiver.

Question

Quizplus · Accepted Answer

Regardless of whether the directors or shareholders initiate dissolution procedures, the corporation must follow specific procedures. First, the directors must file articles of dissolution with the secretary of state.

When Voluntary Dissolution Procedures Are Initiated,which of the Following Must