Under What Circumstances May a Court Order an Involuntary Dissolution

question 29

Multiple Choice

Under what circumstances may a court order an involuntary dissolution of a corporation?

• A) When the corporation has failed to show a profit for over two years, when the corporation obtained its article of incorporation fraudulently, when the directors have abused their power, and when the corporation is insolvent.
• B) When the corporation obtained its article of incorporation fraudulently, when the directors have abused their power, and when the corporation is insolvent.
• C) When the corporation has failed to show a profit for over two years, when the corporation obtained its article of incorporation fraudulently, and when the directors have abused their power.
• D) When the corporation has failed to show a profit for over two years, when the corporation obtained its article of incorporation fraudulently, and when the corporation is insolvent.
• E) Only when the corporation is insolvent.