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Under the Model Business Corporation Act, a Shareholder May Ask

Question 45

Multiple Choice

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.

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