Question

A corporate dissolution: a. cannot result from an agreement. b. results when a corporation does not hold an annual meeting. c. can begin with a board resolution. d. none of the above

Answer 1

The correct answer is (C)

Step-by-step 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.