Under the Model Business Corporation Act, a Shareholder May Ask

question 18

Multiple Choice

Under the Model Business Corporation Act, a shareholder may ask a court to dissolve a corporation when:

• A) a corporation uses assets for public welfare.
• B) directors are in conflict, their deadlock cannot be broken by shareholders, and the corporation faces ruin.
• C) directors are maintaining registered agents without the approval of the shareholders.
• D) creditors are acting unfairly or illegally.

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Definitions:

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