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:

Neural Plate

Region of the dorsal surface of the embryo that is transformed into the neural tube and neural crest.

Primitive Streak

An early structure that forms in the developing embryo, crucial for the process of gastrulation and establishing the body plan of the organism.

Notochord

Small rod of tissue lying ventral to the neural tube. A characteristic of all vertebrates, in humans it becomes the nucleus pulposus of the intervertebral disks.

Somites

Blocks of mesodermal cells located on either side of the neural tube in the developing embryo, which will differentiate into the vertebrae, rib cage, and associated musculature.