Which of the following statements is true for the dissolution of a corporation by agreement?
A. Corporations with more than one class of shareholders sometimes provide for voting on dissolution and other matters by class.
B. As a corporation is not an entity created by the state, it need not have the state's consent to dissolve.
C. A corporation can be dissolved by oral consent of all shareholders.
D. If two corporations consolidate into a new corporation, only the old corporation with major shareholders is dissolved.
Answer: A
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