Dissolution and Liquidation

Question 1

What is dissolution?

Answer 1

X

Question 2

What is voluntary dissolution?

Answer 2

X

Question 3

How may dissolution occur voluntarily?

Answer 3

X

Question 4

What is teh effect of dissolution?

Answer 4

C

Question 5

What permissible activities can happen after dissolution?

Answer 5

X

Question 6

Can a claim be asserted against a dissolved corporation?

Answer 6

X

Question 7

May a dissolved corporation bar claims against it?

Answer 7

X

Question 8

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

Answer 8

X

Question 9

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

Answer 9

X

Question 10

May a corporation revoke voluntary dissolution?

Answer 10

X

Question 11

What are the grounds for administrative dissolution of a corporation?

Answer 11

X

Question 12

What is the procedure for state dissolution of a corporation?

Answer 12

X

Question 13

May an administratively dissolved corporation petition for reinstatement?

Answer 13

X

Question 14

Who may bring an action for judicial dissolution?

Answer 14

X

Question 15

When may the attorney general seek judicial dissolution?

Answer 15

X

Question 16

When may shareholders seek judicial dissolution?

Answer 16

Xc

Question 17

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

Answer 17

X

Question 18

When may creditors seek judicial dissolution?

Answer 18

X

Question 19

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

Answer 19

Yes