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The state may bring an action for involuntary dissolution of a company if the
corporation has not paid its annual franchise tax.
A preliminary hearing is held in a criminal case to determine whether there is probable
cause to believe the defendant is the one who committed the crime.
Constructive notice through public filing or recording is sufficient notice to prevent a
person from being a holder in due course.
If the sale of substantially all of a corporation's assets takes place in the usual and
regular course of business, approval by neither the board nor shareholders is required.
The Revised Act requires that demand be made upon the board of directors to enforce
the corporate right at issue as a prerequisite to bringing a derivative suit.
Under the Clean Air Act, the EPA administrator must establish national air quality
standards to regulate air pollutants that endanger public health and welfare.
A contractual remedy is optional unless the parties expressly agree that it is to be
exclusive.
