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Business Associations > Corporations: Termination > Flashcards

Corporations: Termination Flashcards

1
Q

Voluntary Dissolution

A

Board submits and shareholders vote on proposal to dissolve (MBCA § 14.02(b))

Submit Articles of Dissolution to state

Can only carry on to wind up

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2
Q

Involutary Dissolution:

A

If there is a deadlock (MBCA § 14.30)

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Business Associations (15 decks)

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