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The dissolution of a corporation: Can never be voluntary on the part of stockholders. May be sought by the state for failure to pay specified
The dissolution of a corporation:
Can never be voluntary on the part of stockholders. | ||
May be sought by the state for failure to pay specified taxes for a given number of years | ||
Allows it to make contracts to carry on business for six months. | ||
May require the stockholders to pay debts the corporation's assets cannot cover. |
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