Which of the Following Is False Regarding Involuntary Liquidation

question 63

Multiple Choice

Which of the following is false regarding involuntary liquidation?

• A)The secretary of state can compel involuntary dissolution if the corporation failed to pay taxes within 60 days of the due date.
• B)The state may initiate dissolution procedures.
• C)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.
• D)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.
• E)Individual shareholders may not petition the state to order dissolution.

---

Definitions:

Life Expectancy

The average period that a person is expected to live, based on demographic factors such as current age, gender, and health status.

Medical Costs

The expenses associated with healthcare services, including diagnosis, treatment, medication, and hospitalization.

Chronic Conditions

Long-lasting medical conditions that are persistent and have effects that can be controlled but not necessarily cured.

Health Care Outcomes

The results of healthcare interventions, measured by factors like patient satisfaction, health improvements, and mortality rates.