A Corporation Must Be Dissolved If Over 50% of the Shareholders

question 63

True/False

A corporation must be dissolved if over 50% of the shareholders die.

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Definitions:

Stock of Assets

Represents the total value of financial and physical assets owned by an individual, company, or country.

Wealth

The accumulation of valuable resources and assets, both tangible and intangible, that provide economic power or security to an individual or entity.

Wages and Salaries

Monetary compensation paid by employers to employees for their labor services, typically on an hourly, weekly, or annual basis.

Redistribution of Income

Economic policies or mechanisms intended to adjust the distribution of wealth or income in a society.