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Which of the Following Statements Is True for the Dissolution

Question 48

Multiple Choice

Which of the following statements is true for the dissolution of a corporation by agreement?


A) As a corporation is not an entity created by the state, it need not have the state's consent to dissolve.
B) A corporation can be dissolved by oral consent of all shareholders.
C) If two corporations consolidate into a new corporation, only the old corporation with major shareholders is dissolved.
D) Corporations with more than one class of shareholders sometimes provide for voting on dissolution and other matters by class.

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