Which of the Following Statements About Corporate Dissolution Is INCORRECT

question 78

Multiple Choice

Which of the following statements about corporate dissolution is INCORRECT?

• A) A corporation cannot be forced into dissolution by a creditor.
• B) A corporation will be dissolved if all shareholders vote to do so.
• C) A secretary of state may commence a proceeding to dissolve a corporation for failure to pay taxes.
• D) A shareholder may petition a court to dissolve a "deadlocked" corporation.

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Definitions:

Capitalism

An economic system based on private ownership of the means of production and their operation for profit.

Stigmatized Identities

Identities that are devalued or discriminated against in society due to certain characteristics or affiliations.

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In-Group Orientation

A preference or bias towards members of one's own group, including the tendency to favor and prioritize the interests of the group to which one belongs.