In States That Have Adopted the Revised Model Business Corporation

question 46

Multiple Choice

In states that have adopted the Revised Model Business Corporation Act, the secretary of state may commence proceedings to administratively dissolve a corporation under all but which of the following circumstances?

• A) the corporation adopts more than one business purpose.
• B) the corporation does not pay franchise taxes within sixty (60) days after they are due.
• C) the corporation does not file its annual report within sixty (60) days after it is due.
• D) the corporation is without a registered agent or registered office for sixty (60) days or more.

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Definitions:

Fluid

A substance that has no fixed shape and yields easily to external pressure; can be a gas or a liquid.

Pleura

The thin membrane that envelops the lungs and lines the inner surface of the chest wall, performing a crucial role in respiratory movement and protection.

Acute Epiglottitis

A serious, life-threatening condition characterized by inflammation of the epiglottis, the flap at the base of the tongue that keeps food from going into the trachea during swallowing.

Obstruction

A blockage in a bodily passage preventing the normal flow of fluids or contents within the body.