In Many States,dissolution That Is Nonjudicial May Be Brought About

question 45

Multiple Choice

In many states,dissolution that is nonjudicial may be brought about when:

• A) all the shareholders agree to dissolve,even without action by the board.
• B) the board of directors agrees to dissolve.
• C) the creditors petition the court.
• D) the business of the corporation becomes obsolete.

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