Due to the pandemic, ABC Corporation, a domestic corporation registered before the SEC on April 14, 1987, with a 50 year-term, plans to closed down its operations since transactions are minimal compared to pre-pandemic days.

Due to the pandemic, ABC Corporation, a domestic corporation registered before the SEC on April 14, 1987, with a 50 year-term, plans to closed down its operations since transactions are minimal compared to pre-pandemic days. As counsel of ABC Corporation, you were asked by the President on the best course of action to take in dissolving the corporation. What will be your advise and why?

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