In Which of the Following Situations May a Nonjudicial Dissolution

question 9

Multiple Choice

In which of the following situations may a nonjudicial dissolution of a corporation occur?

• A) By voluntary action on the part of all of the holders of outstanding stock.
• B) By shareholders of a close corporation who elect in the articles of incorporation to have the power to dissolve the corporation.
• C) By expiration of the time period provided in the articles of incorporation.
• D) A nonjudicial dissolution may occur in all of the above ways.
• E) A corporation may only be dissolved by judicial action.