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Aug 6th, 2022
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How to Clean stuff in the Plan of Dissolution

5 out of 5
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hello everyone welcome back to our pre-review class for the corporation law and now for this video this is our final uh session of for the corporation law because we are now in dissolution meaning when you say voluntary dissolution and it means that uh the members of the corporation or the stockholders i decided to dissolve the corporation when you say involuntary meaning there are uh events or circumstances that are beyond the control of the stockholders or members which resulted to the dissolution of the corporation okay number one where no creditors are affected majority vote of the board of directors are testes majority no resolution of the stockholders owning at least majority of that standing capital or majority of the members in the meeting code with the directors of trustees notice given to each stakeholder member at least 20 days prior to the meeting which shall state the purpose of the meeting majority vote of the number of directors and then they will refer that to the stoc

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