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:

Religiosity

The quality of being religious, often characterized by regular participation in religious services, adherence to religious beliefs, and the importance of religion in one's life.

Physical Health

A state of well-being in which the body functions optimally without the presence of disease, encompassing fitness, strength, and physical condition.

Mental Health

Refers to cognitive, behavioral, and emotional well-being; it is all about how people think, feel, and behave.

Elder Maltreatment

The abuse, neglect, or exploitation of older adults, typically those who are vulnerable due to age, health condition, or dependency on others.