In Which of the Following Situations May a Nonjudicial Dissolution

Multiple Choice

In which of the following situations may a nonjudicial dissolution of a corporation occur?

A) By voluntary action on the part of all of the holders of outstanding stock.
B) By shareholders of a close corporation who elect in the articles of incorporation to have the power to dissolve the corporation.
C) By expiration of the time period provided in the articles of incorporation.
D) A nonjudicial dissolution may occur in all of the above ways.
E) A corporation may only be dissolved by judicial action.