Dissolution That Is Judicial May Be Brought About When

question 39

Multiple Choice

Dissolution that is judicial may be brought about when:

• A) the shareholders of a closely held corporation adopt a unanimous agreement to dissolve.
• B) a shareholder brings a proceeding because the directors are deadlocked in management of the corporate affairs and the corporation is suffering irreparable injury.
• C) the corporation is without a registered agent for over 60 days.
• D) the board of directors creates a resolution approved by shareholders to dissolve.

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Definitions:

Human Genome Project

An international scientific research project aimed at mapping and understanding all the genes of the human species.

Gene Function

The specific biological role of a gene or how its expression affects the phenotype, including its biochemical function, impact on cellular processes, and contribution to the trait or disease.

Structure

The arrangement or organization of components within a system, organization, or physical entity.

Dysfunction

A deviation from the norms of social behavior in a way that is harmful to the functioning of a group or society.