Which of the Following Is False Regarding Involuntary Liquidation

question 67

Multiple Choice

Which of the following is false regarding involuntary liquidation?

• A) The state may initiate dissolution procedures.
• B) Individual shareholders may not petition the state to order dissolution.
• C) The secretary of state can compel involuntary dissolution if the corporation failed to pay taxes within 60 days of the due date.
• D) The secretary of state can compel involuntary dissolution if the corporation did not have a registered agent or office in the state for 60 days or more.
• E) The secretary of state can compel involuntary dissolution of the corporation if the corporation's duration as specified in its articles of incorporation has expired.