In Which of the Following Situations May a Nonjudicial Dissolution

question 20

Multiple Choice

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

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

---

Definitions:

Inept Set

A group of products or brands a consumer is aware of but deliberately chooses to avoid.

Heuristic

A problem-solving strategy that employs a practical approach or shortcut, which is not guaranteed to be perfect, but sufficient for reaching an immediate goal.

Search Activity

The process of looking for or exploring information, products, or services, motivated by various needs or goals.

Psychological Risk

Refers to potential negative impacts on an individual's mental health or well-being resulting from specific situations or actions.