When dissolution takes place by voluntary action, the members of the board of directors act as trustees of the corporate assets.

Name: When dissolution takes place by voluntary action, the members of the board of directors act as trustees of the corporate assets.
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When a corporation undergoes voluntary dissolution, the members of the board of directors often act as trustees of the corporate assets, overseeing their distribution according to the corporation's dissolution plan and applicable laws.

When Dissolution Takes Place by Voluntary Action, the Members of the Board