Multiple Choice
Which of the following is NOT a basis for involuntary dissolution?
A) A proceeding initiated by the secretary of state, if it is established that the corporation failed to pay its franchise tax.
B) The directors are deadlocked and the shareholders cannot break the deadlock.
C) The shareholders dissent to a merger and are asserting their appraisal rights.
D) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
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