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.