Which of the Following Is NOT a Basis for Involuntary

question 30

Multiple Choice

Which of the following is NOT a basis for involuntary dissolution?

• A) By the Secretary of State,if it is established that the corporation failed to pay its franchise tax
• B) By a shareholder,if the directors are deadlocked and the shareholders cannot break the deadlock
• C) By the shareholders,if they dissent to a merger and are asserting their appraisal rights
• D) None of these

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Definitions:

Expected Value

A calculated average of all possible values for a random variable, taking into account their probabilities of occurrence.

Lottery

A form of gambling involving the drawing of numbers at random for a prize, often regulated by governments.

Adverse Selection

A situation in which one party in a transaction has more information than the other, often leading to a negative outcome for the less-informed party.

Insurance

A financial product that provides protection against losses or damages to a person or property in exchange for premium payments.