A Receiver Is Always Appointed by a Court If the Dissolution

question 3

True/False

A receiver is always appointed by a court if the dissolution of a corporation is involuntary.

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Definitions:

Insurance Company

An entity that provides financial compensation to individuals or entities against losses from specified risks in exchange for premiums.

Risk Distribution

The practice of spreading financial risk across various parties, investments, or financial instruments to reduce the impact of any one failure.

Age Misrepresentation

The act of deliberately falsifying one's age, usually for the purpose of gaining access to certain privileges or avoiding restrictions.

Insurance Application

The form or process through which a potential insured provides information for an insurance company to evaluate and decide on providing coverage.