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.

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Definitions:

Biopsychosocial Approach

The biopsychosocial approach is a comprehensive model that explains an individual’s health condition through the interplay of biological, psychological, and social factors.

Psychodynamic Perspective

A psychological perspective that emphasizes the importance of unconscious processes and childhood experiences in shaping behavior and personality.

Unconscious Drives

Inner impulses, desires, or wishes that are not directly accessible to an individual's awareness but influence behaviors and feelings.

Conflicts

Disagreements or disputes between individuals or groups, often resulting from differing needs, values, or interests.