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Which of the following determi

Which of the following determines whether a voluntary liquidation is a members' or creditors' voluntary liquidation?
A、The solvency of the company B
A、decision of the members C
A、decision of the creditors



【参考答案及解析】
Although a voluntary liquidation is commenced by the members, it is the solvency of the company that determines whether it is a members' or creditors' voluntary liquidation. If the company is solvent then it is a members' voluntary liquidation, if it is insolvent then it is a creditors' voluntary liquidation.
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