A corporate dissolution: a. cannot result from an agreement. b. results when a corporation does not hold an annual meeting. c. c

Question

Blababa [14]

2 years ago

14

A corporate dissolution: a. cannot result from an agreement. b. results when a corporation does not hold an annual meeting. c. c

an begin with a board resolution. d. none of the above

Business

1 answer:

kogti [31] · Answer 1 · 2022-08-17T09:09:10+03:00

Answer:

The correct answer is (C)

Explanation:

Corporate dissolution is a termination of cooperation that results after a complete consent of the board of directors. Likewise, a corporate dissolution is a serious step that can begin with a board resolution. If the board of directors are on one page then it becomes easier to dissolve cooperation. It can only be done by a vote to approve the resolution by the board of directors and shareholders.