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.
Correct Answer:

Verified
Correct Answer:
Verified
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