Voluntary Revocation of an S Corporation Election Is Permitted Only

question 23

True/False

Voluntary revocation of an S corporation election is permitted only if consent is obtained from all shareholders.

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Definitions:

Atactic

Refers to polymers with a random configuration of the substituent groups along the polymer chain, affecting its properties.

Syndiotactic Stereochemistry

A type of polymer stereochemistry where the substituents on the polymer chain alternate sides in a regular fashion.

Poly(vinyl Chloride)

A widely used synthetic plastic polymer, known by its abbreviation PVC, characterized by its strength, durability, and versatility in applications from piping to clothing.

Chain-growth Polymerization

A polymerization mechanism where monomers add to a reactive site on a growing polymer chain one at a time, leading to long polymer chains.