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Fahad Electricals LLC decides to enter into the phase of liquidation. Identify the INCORRECT statement to this situation: Company shall retain the status of Board of Directors Company shall continue the business activities normally Company shall next enter into the phase of dissolution All of the given options

Fahad Electricals LLC decides to enter into the phase of liquidation. Identify the INCORRECT statement to this situation: Company shall retain the status of Board of Directors Company shall continue the business activities normally Company shall next enter into the phase of dissolution All of the given options

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Fahad Electricals LLC decides to enter into the phase of liquidation. Identify the INCORRECT statement to this situation: Company shall retain the status of Board of Directors Company shall continue the business activities normally Company shall next enter into the phase of dissolution All of the given options
Transcribed Image Text:Fahad Electricals LLC decides to enter into the phase of liquidation. Identify the INCORRECT statement to this situation: Company shall retain the status of Board of Directors Company shall continue the business activities normally Company shall next enter into the phase of dissolution All of the given options
Mazin is appointed as liquidator of Oman Foods LLC. Such appointment must be mentioned in: Agreement of partners of the Company Constitutive documents Prospectus of the company Stock market
Transcribed Image Text:Mazin is appointed as liquidator of Oman Foods LLC. Such appointment must be mentioned in: Agreement of partners of the Company Constitutive documents Prospectus of the company Stock market
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