Which of the Following Is False Regarding Involuntary Liquidation

question 67

Multiple Choice

Which of the following is false regarding involuntary liquidation?

• A) The state may initiate dissolution procedures.
• B) Individual shareholders may not petition the state to order dissolution.
• C) The secretary of state can compel involuntary dissolution if the corporation failed to pay taxes within 60 days of the due date.
• D) The secretary of state can compel involuntary dissolution if the corporation did not have a registered agent or office in the state for 60 days or more.
• E) The secretary of state can compel involuntary dissolution of the corporation if the corporation's duration as specified in its articles of incorporation has expired.

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Definitions:

Animal-Based Interlace

A decorative motif featuring intertwined animals or serpents, common in the art of the early medieval period.

Illuminated Manuscripts

Hand-written books that are embellished with gold, silver, and colorful illustrations, primarily produced in the Middle Ages.

Metalwork

The craft or art of creating objects from metal through various techniques such as forging, engraving, and welding, used for both functional and decorative purposes.

Abstract Designs

Artistic motifs or patterns that do not represent recognizable entities but instead are composed of shapes, colors, and forms to achieve effect.