Commercial Law, 2012 Bar — Question 62

MULTIPLE CHOICE

The term GGG Corporation in accordance with its Articles of Incorporation ended last January 30, 2012. The term was not extended. What will happen to the corporation? A) The corporation is dissolved ipso facto. B) There is a need to pass a board resolution to formally dissolve the corporation. C) The Board of Directors must pass a resolution for the corporation to formally go into liquidation. D) The stockholders must pass a resolution to dissolve the corporation.

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