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Source Demand Letter Complete Wisconsin Bar Exam Topic Index List Showing the closest available flashcard practice.

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A minority shareholder files a judicial dissolution petition based on oppression in a profitable close corporation. The majority wants to avoid liquidation by buying the minority shares.
Which statement best states the likely rule?

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The minority must accept book value even if it excludes the value of the business as a going concern. The majority can always avoid dissolution by paying one dollar per share, regardless of value. A court may allow a fair-value buyout as an alternative to dissolution when it adequately protects the petitioning shareholder. The court must liquidate every asset once a dissolution petition is filed and has no alternative remedies.

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