A Court May Dissolve a Corporation in a Proceeding by a Shareholder

question 25

Multiple Choice

A court may dissolve a corporation in a proceeding by a shareholder if it has established that:

• A) the directors are deadlocked in the management of the corporate affairs.
• B) the acts of the directors or those in control of the corporation are illegal,oppressive,or fraudulent.
• C) the shareholders are deadlocked and have failed to elect directors for at least two consecutive annual meetings.
• D) All of these.

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Definitions:

Second New Deal

A series of programs and reforms introduced by President Franklin D. Roosevelt in the 1930s aimed at economic recovery and social welfare improvements during the Great Depression.

Depression

A severe and prolonged downturn in economic activity characterized by high unemployment, falling prices, and decreased production, or clinically, a mental health disorder marked by persistent sadness and lack of interest.

United Mine Workers

A labor union that represents coal miners in the United States and Canada, advocating for workers' rights and safety since its founding in 1890.

Industrial Freedom

The concept of allowing industries to operate with minimal government intervention, emphasizing free markets and competition.