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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Definitions:

Barbiturates

A class of drugs that are used as sedatives and hypnotics, they can be highly addictive and have been largely replaced by safer alternatives.

Opiates

Opium and its derivatives, such as morphine and heroin; they depress neural activity, temporarily lessening pain and anxiety.

Heroin

A powerful and highly addictive opioid drug derived from morphine, used illicitly as a narcotic producing euphoria.

Methamphetamine

A powerful, highly addictive stimulant that affects the central nervous system and is known for its abuse potential.