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Which of the Following Is True Regarding Approval a Corporation

Question 52

Multiple Choice

Which of the following is true regarding approval a corporation desiring to sell a majority of its assets must obtain?


A) A corporation desiring to sell a majority of its assets must obtain approval from officers, its board of directors, and shareholders.
B) A corporation desiring to sell a majority of its assets must obtain approval from officers and its board of directors, but not from shareholders.
C) A corporation desiring to sell a majority of its assets must obtain approval from its board of directors and shareholders, but not from officers.
D) A corporation desiring to sell a majority of its assets must obtain approval from shareholders, but not from officers or its board of directors.
E) A corporation desiring to sell a majority of its assets must obtain approval from its board of directors, but not from shareholders or officers.

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