Dissolution and Liquidation Flashcards

1
Q

What is dissolution?

A

X

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2
Q

What is voluntary dissolution?

A

X

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3
Q

How may dissolution occur voluntarily?

A

X

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4
Q

What is teh effect of dissolution?

A

C

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5
Q

What permissible activities can happen after dissolution?

A

X

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6
Q

Can a claim be asserted against a dissolved corporation?

A

X

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7
Q

May a dissolved corporation bar claims against it?

A

X

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8
Q

What must a dissolved corporation do to bar known claims against itself?

A

X

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9
Q

What must a dissolved corporation do to bar unknown claims against itself?

A

X

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10
Q

May a corporation revoke voluntary dissolution?

A

X

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11
Q

What are the grounds for administrative dissolution of a corporation?

A

X

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12
Q

What is the procedure for state dissolution of a corporation?

A

X

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13
Q

May an administratively dissolved corporation petition for reinstatement?

A

X

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14
Q

Who may bring an action for judicial dissolution?

A

X

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15
Q

When may the attorney general seek judicial dissolution?

A

X

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16
Q

When may shareholders seek judicial dissolution?

A

Xc

17
Q

When does a corporation have an election to purchase in lieu of dissolution?

A

X

18
Q

When may creditors seek judicial dissolution?

A

X

19
Q

May a voluntarily dissolving corporation obtain court supervision of its dissolution?

A

Yes