Answer the following statement(s) true (T) or false (F)
1. In states following the Model Business Corporation Act, a notice of revocation of dissolution may be filed with the secretary of state to revoke the dissolution of a corporation.
2. When grounds for an administrative dissolution are found, the corporation is immediately considered to be dissolved.
3. All voluntary dissolutions are considered to be judicial dissolutions.
4. It is possible for a corporation to be dissolved by a minority of its shareholders.
5. When a creditor of a dissolving corporation receives proper notice of the dissolution, but fails to make a claim as directed in the notice, that claim against the corporation may be barred.
1. TRUE
2. FALSE
3. FALSE
4. TRUE
5. TRUE
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