10-11431. Procedure for judicial
dissolution
A. Venue for a proceeding by the attorney general to dissolve a corporation or for
a proceeding brought by any other party named in section 10-11430 is in the county where
a corporation's known place of business is or was last located.
B. It is not necessary to make directors or members parties to a proceeding to
dissolve a corporation unless relief is sought against them personally.
C. A court in a proceeding brought to dissolve a corporation may issue injunctions,
appoint a receiver with all powers and duties the court directs, take other action
required to preserve the corporate assets wherever located and carry on the activities of
the corporation until a full hearing can be held.
|