When can a shareholder successfully maintain an action to involuntarily dissolve
ID: 337664 • Letter: W
Question
When can a shareholder successfully maintain an action to involuntarily dissolve a corporation?
When the directors are deadlocked in the management of corporate affairs and the shareholders are unable to break the deadlock and very serious harm is occurring
When the shareholders are deadlocked on any matter
When the corporate assets are not being used wisely in the opinion of the shareholders
When the business is not as profitable as the shareholders originally thought it would be.
When the directors are deadlocked in the management of corporate affairs and the shareholders are unable to break the deadlock and very serious harm is occurring
When the shareholders are deadlocked on any matter
When the corporate assets are not being used wisely in the opinion of the shareholders
When the business is not as profitable as the shareholders originally thought it would be.
Explanation / Answer
When can a shareholder successfully maintain an action to involuntarily dissolve a corporation?
When the directors are deadlocked in the management of corporate affairs and the shareholders are unable to break the deadlock and very serious harm is occurring
When the shareholders are deadlocked on any matter
When the corporate assets are not being used wisely in the opinion of the shareholders
When the business is not as profitable as the shareholders originally thought it would be.
When the directors are deadlocked in the management of corporate affairs and the shareholders are unable to break the deadlock and very serious harm is occurring
When the shareholders are deadlocked on any matter
When the corporate assets are not being used wisely in the opinion of the shareholders
When the business is not as profitable as the shareholders originally thought it would be.