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

Question

Quizplus · Accepted Answer

A corporate dissolution can begin with a board resolution, which is a decision made by the corporation's board of directors to dissolve the corporation. Dissolution can also be triggered by other events such as bankruptcy, court order, or expiration of the corporation's charter. It is not accurate to say that a corporate dissolution cannot result from an agreement or that it only results from not holding an annual meeting.

A Corporate Dissolution