WA Bar Practice Questions - Washington Bar Examination (NextGen UBE) Exam

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A close corporation's two equal shareholders deadlock and cannot agree on management, paralyzing the business. One shareholder petitions a court. What remedy may a court grant in cases of severe shareholder deadlock?

Automatic criminal penalties against both shareholders Forcing one shareholder to work without pay Judicial dissolution of the corporation in appropriate cases of deadlock or oppression Converting the corporation into a partnership by court order

Correct Answer:

Judicial dissolution of the corporation in appropriate cases of deadlock or oppression

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