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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

After the SEC determines that a corporate name is protected by law and orders cessation and a replacement, the corporation refuses to comply and keeps all signs and advertisements. Its directors claim the only possible response is a polite request with no legal consequence. Which is accurate?

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The name becomes lawful through repeated use The refusal automatically transfers all assets to the directors Section 17 provides removal measures and possible sanctions or revocation for noncompliance, subject to applicable law A customer must first acquire all shares

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