Multiple Choice
Which of the following is true regarding situations in which a court may order an involuntary dissolution of a corporation?
A) A court may order an involuntary dissolution of a corporation under the following four circumstances: when the corporation has failed to show a profit for over two years, when the corporation obtained its article of incorporation fraudulently, when the directors have abused their power, and when the corporation is insolvent.
B) A court may order an involuntary dissolution of a corporation under the following three circumstances: when the corporation obtained its article of incorporation fraudulently, when the directors have abused their power, and when the corporation is insolvent.
C) A court may order an involuntary dissolution of a corporation under the following three circumstances: when the corporation has failed to show a profit for over two years, when the corporation obtained its article of incorporation fraudulently, and when the directors have abused their power.
D) A court may order an involuntary dissolution of a corporation under the following three circumstances: when the corporation has failed to show a profit for over two years, when the corporation obtained its article of incorporation fraudulently, and when the corporation is insolvent.
E) A court may only order an involuntary dissolution of a corporation when the corporation is insolvent.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: What is generally the next step for
Q24: Consolidation does not require shareholder approval.
Q26: Which of the following terms describes Tree
Q27: By offering to give shareholders in Tree
Q29: Which of the following is true regarding
Q30: In a short-form merger,the parent corporation must
Q33: When voluntary dissolution procedures are initiated,which of
Q58: Which of the following occurs when a
Q64: Aggressors often try to win the favor
Q90: Which of the following is true regarding