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Zack is one of three directors of XYZ Corporation. If XYZ Corporation decides to dissolve, Zack and the other directors will be responsible to wind-up
Zack is one of three directors of XYZ Corporation. If XYZ Corporation decides to dissolve, Zack and the other directors will be responsible to wind-up XYZ Corporation's business, which will include paying creditors, selling assets, and collecting account receivables. True False The purchase and sale of securities is governed by mostly federal securities laws, but individual states also regulate securities transactions with laws known as, "blue sky" laws. True False
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