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Which of the following is NOT be about a couporabe droom? O A The doction of a corporation does not impair any rights or remedies available against the corporation or the directors officers or shareholders for any right or daming or incurred prior to discution OB Adved corporation continues in corporate attende but may not carry on any buscas required to wind up and dates business and attais OC. Temination counter the winding of the corporations at the lotion of these and the distribution of the proceeds to the diamants OD in a voluntary solution, the dution is usly canned out by the secretary of te OL ha voluntary to the liquidation is way caned out by the board of directors Which of the following is NOT true about a corporate dissolution? O A. The dissolution of a corporation does not impair any rights or remedies available against the corporation or its directors, of OB. A dissolved corporation continues its corporate existence but may not carry on any business except as required to wind up O C. Termination occurs only after the winding up of the corporation's affairs, the liquidation of its assets, and the distribution of OD. In a voluntary dissolution, the liquidation is usually carried out by the secretary of state. O E. In a voluntary dissolution, the liquidation is usually carried out by the board of directors, emedies available against the corporation or its directors, officers, or shareholders for any right or claim existing or incurred prior to dissolution may not carry on any business except as required to wind up and liquidate its business and affairs n's affairs, the liquidation of its assets, and the distribution of the proceeds to the claimants by the secretary of state, by the board of directors Which of the following is an INCORRECT statement regarding corporate management? O A. A corporation usually has a centralized management. O B. The members of the board of directors are elected by the shareholders. O c. Management of a corporation usually consists of a board of directors and officers of the corporation. OD. A corporation usually has a decentralized management O E. The board of directors makes policy decisions concerning the operation of a corporation. m. Which of the following is NOT be about a couporabe droom? O A The doction of a corporation does not impair any rights or remedies available against the corporation or the directors officers or shareholders for any right or daming or incurred prior to discution OB Adved corporation continues in corporate attende but may not carry on any buscas required to wind up and dates business and attais OC. Temination counter the winding of the corporations at the lotion of these and the distribution of the proceeds to the diamants OD in a voluntary solution, the dution is usly canned out by the secretary of te OL ha voluntary to the liquidation is way caned out by the board of directors Which of the following is NOT true about a corporate dissolution? O A. The dissolution of a corporation does not impair any rights or remedies available against the corporation or its directors, of OB. A dissolved corporation continues its corporate existence but may not carry on any business except as required to wind up O C. Termination occurs only after the winding up of the corporation's affairs, the liquidation of its assets, and the distribution of OD. In a voluntary dissolution, the liquidation is usually carried out by the secretary of state. O E. In a voluntary dissolution, the liquidation is usually carried out by the board of directors, emedies available against the corporation or its directors, officers, or shareholders for any right or claim existing or incurred prior to dissolution may not carry on any business except as required to wind up and liquidate its business and affairs n's affairs, the liquidation of its assets, and the distribution of the proceeds to the claimants by the secretary of state, by the board of directors Which of the following is an INCORRECT statement regarding corporate management? O A. A corporation usually has a centralized management. O B. The members of the board of directors are elected by the shareholders. O c. Management of a corporation usually consists of a board of directors and officers of the corporation. OD. A corporation usually has a decentralized management O E. The board of directors makes policy decisions concerning the operation of a corporation. m
