Question
1. The secretary of state can compel involuntary dissolution when a corporation: a.fails to pay taxes within 30 days of the due date. b. does
1. The secretary of state can compel involuntary dissolution when a corporation:
a.fails to pay taxes within 30 days of the due date.
b. does not have a registered agent or office in the state for 30 days or more.
c. fails to notify the secretary of state within 60 days that its registered agent or registered office had changed.
d. fails to submit its annual report to the secretary of state within 20 days of the due date.
2. Identify the correct statement regarding a short-form merger.
a. The subsidiary's shareholders and directors must possess veto power to approve the plan.
b. It occurs when a parent corporation merges with a subsidiary corporation.
c. It cannot occur without shareholder approval.
d. The parent corporation must own at least 60 percent of the outstanding shares of each class of the subsidiary's stock for it to occur.
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