Under the Model Business Corporation Act, a shareholder may ask a court to dissolve a corporation when:
A) a corporation uses assets for public welfare.
B) directors are in conflict, their deadlock cannot be broken by shareholders, and the corporation faces ruin.
C) directors are maintaining registered agents without the approval of the shareholders.
D) creditors are acting unfairly or illegally.
Correct Answer:
Verified
Q39: Which of the following statements is true
Q40: Which of the following is a useful
Q41: Which of the following would be a
Q42: Mention the requirements that are essential for
Q43: In the context of the preincorporation process,
Q44: Discuss the important factors to consider in
Q46: Under the revised Model Business Corporation Act
Q47: _ is a basic restriction governing the
Q48: Which of the following statements is true
Q49: If articles of incorporation provide for a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents