§414D-253 - Procedure for judicial dissolution.
§414D-253 Procedure for judicial
dissolution. (a) Venue for a proceeding by the attorney general to
dissolve a corporation shall be in the circuit court for the first circuit.
Venue for a proceeding brought by any other party named in section 414D-252
shall be in the county where a corporation's principal office (or, if none in
this State, its registered office) is or was last located.
(b) Directors or members shall not be deemed
necessary parties to a proceeding to dissolve a corporation unless relief is
sought against them individually.
(c) A court in a proceeding brought to
dissolve a corporation may issue injunctions, appoint a receiver or custodian
pendente lite 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.
(d) A person other than the attorney general
who brings an involuntary dissolution proceeding for a public benefit
corporation, within ten days of its commencement, shall give written notice of
the proceeding to the attorney general. [L 2001, c 105, pt of §1; am L 2002, c
130, §61; am L 2004, c 171, §12]