Dissolution That Is Judicial May Be Brought About When

question 64

Multiple Choice

Dissolution that is judicial may be brought about when:

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

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Definitions:

Organized Crime

Structured groups engaged in criminal activities, often for profit, such as drug trafficking, extortion, and money laundering.

Burglary

The unlawful entry into a building with the intent to commit a crime, typically theft.

Shoplifting

The act of stealing goods from a store by concealing them and leaving the premises without paying.

Commercial Establishments

Places of business that are engaged in activities aimed at selling goods and services to consumers.