27-28-501. Judgment forbidding continuation of offending acts
27-28-501. Judgment forbidding continuation of offending acts. When it is found and adjudged that a corporation has offended in any matter or manner which does not work such surrender or forfeiture, misused a franchise, or exercised a power not conferred by law, judgment shall be entered that it be ousted from the continuance of such offense […]
27-28-502. Judgment dissolving corporation
27-28-502. Judgment dissolving corporation. When in any such action it is found and adjudged that a corporation has, by an act done or omitted, surrendered or forfeited its corporate rights, privileges, or franchises or has not used the same during a term of 5 years, judgment shall be entered that it be ousted and excluded therefrom […]
27-28-503. Costs — judgment against corporation or alleged corporation
27-28-503. Costs — judgment against corporation or alleged corporation. If judgment be rendered against a corporation or against a person claiming to be a corporation, the court may render judgment for costs against the directors or other officers of the corporation or against the person claiming to be a corporation. History: En. Sec. 1432, C. Civ. Proc. […]
27-28-504. Court appointed trustees to settle affairs of dissolved corporation
27-28-504. Court appointed trustees to settle affairs of dissolved corporation. The court rendering a judgment dissolving a corporation shall appoint trustees of the creditors and stockholders of the corporation, who, after giving an undertaking payable to the state, in such sum and with such sureties as the court may designate and approve, conditioned that they will […]
27-28-505. Powers and duties of trustees — liability
27-28-505. Powers and duties of trustees — liability. (1) The trustees shall immediately demand all money, property, and papers within the custody or control of the officers of the corporation belonging to the corporation or in any way necessary for the settlement of its affairs or for the discharge of its debts and liabilities; and they […]
27-28-506. Refusal to deliver assets or papers to trustees — punishment for contempt — liability
27-28-506. Refusal to deliver assets or papers to trustees — punishment for contempt — liability. An officer of the corporation who refuses or neglects to deliver over any money or other things pursuant to the demand is considered guilty of a contempt of court and shall be fined an amount not exceeding $10,000 and imprisoned in […]