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Who must approve the dissolution

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Reference no: EM131166263

1. Suppose that Ann, Bob, and Christie are all incorporators of the ABC Corporation. Don and Elaine are elected directors, and all five are to become shareholders of the new corporation. Before shares of stock are actually issued, the five investors decide to form a limited liability company instead. Bob has taken on responsibility for dissolving the corporation. Who must approve the dissolution? What if shares of stock had been issued?

Reference no: EM131166263

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