Which of the Following Is True Regarding a Dissolved Corporation

question 91

Multiple Choice

Which of the following is true regarding a dissolved corporation?

• A) A dissolved corporation does not continue its corporate existence.
• B) A dissolved corporation may not carry on any business.
• C) In a voluntary dissolution, liquidation is usually carried out by the secretary of state.
• D) Termination occurs after the winding-up of the corporation's affairs, the liquidation of its assets, and the distribution of the proceeds to the claimants.
• E) Termination occurs as soon as assets are liquidated.

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