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QUESTION

Which of the following are not grounds for a state cancelling a corporation's charter?

Which of the following are not grounds for a state cancelling a corporation's charter?

  1. The corporation has not made a profit in 3 years.
  2. The corporation did not pay its franchise tax
  3. The corporation failed to maintain a registered agent in the state.
  4. The corporation has not performed any corporate functions for a long time.
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