Involuntary Dissolution of a Corporation That Is Ordered by the Secretary

question 82

Multiple Choice

Involuntary dissolution of a corporation that is ordered by the secretary of state if a corporation has failed to comply with certain procedures required by law is known as ________.

• A) judicial dissolution
• B) administrative dissolution
• C) cumulative dissolution
• D) liquidation

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Definitions:

Purpose

The intention or objective behind an action, work, or project, directing its design and how it is undertaken.

Primary Audience

The main group of people that a message, piece of content, or product is intended for.

Income Tax

A tax levied by governments on individuals' or entities' income, with rates and structures varying by jurisdiction.

Needs

The essential requirements or necessities required for individuals to live, work, or achieve a particular goal.