Brock Is a Shareholder of Communications Corporation (CC), Which Sells

Essay

Brock is a shareholder of Communications Corporation (CC), which sells repair parts and service for analog communications equip?ment. Business has not been profitable for CC. For the past four years, the firm has lost money on its operations. There has been some profit through sales of company assets, but the board of directors has refused to declare a dividend. This last year, the firm's accountants failed to file fed?eral in?come tax returns and the board refused to pay the tax. Brock takes a close look at the firm and protests to the board, in particular over the fail?ure to declare a dividend, but the board ignores the complaint. Which of these events, if any, would form a ground for a court to order the dissolu?tion of CC, on Brock's petition?