When dissolution takes place by voluntary action, the members of the board of directors are responsible for winding up the affairs of the corporation.

Name: When dissolution takes place by voluntary action, the members of the board of directors are responsible for winding up the affairs of the corporation.
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When a corporation dissolves voluntarily, the responsibility of winding up its affairs falls upon the board of directors. This is outlined in the corporation's bylaws and state laws.

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