§31D-14-1423. Appeal From Denial of Reinstatement
(a) If the Secretary of State denies a corporation's application for reinstatement following administrative dissolution, he or she shall serve the corporation pursuant to section five hundred four, article five of this chapter with a written notice that explains the reason or reasons for denial. (b) The corporation may appeal the denial of reinstatement to […]
§31D-14-1430. Grounds for Judicial Dissolution
§31D-14-1430. Grounds for judicial dissolution. The circuit court may dissolve a corporation: (1) In a proceeding by the Attorney General pursuant to section one, article two, chapter fifty-three of this code if it is established that:
§31D-14-1431. Procedure for Judicial Dissolution
(a) It is not necessary to make shareholders parties to a proceeding to dissolve a corporation unless relief is sought against them individually. (b) A circuit 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 circuit court directs, take […]
§31D-14-1432. Receivership or Custodianship
(a) A circuit court in a judicial proceeding brought to dissolve a corporation may appoint one or more receivers to wind up and liquidate, or one or more custodians to manage, the business and affairs of the corporation. The circuit court shall hold a hearing, after notifying all parties to the proceeding and any interested […]
§31D-14-1433. Decree of Dissolution
(a) If after a hearing the circuit court determines that one or more grounds for judicial dissolution described in section one thousand four hundred thirty of this article exist, it may enter a decree dissolving the corporation and specifying the effective date of the dissolution and the clerk of the circuit court shall deliver a […]
§31D-14-1434. Election to Purchase in Lieu of Dissolution
(a) In a proceeding under subdivision (2), section one thousand four hundred thirty of this article to dissolve a corporation that has no shares listed on a national securities exchange or regularly traded in a market maintained by one or more members of a national or affiliated securities association, the corporation may elect, or if […]
§31D-14-1440. Deposit With State Treasurer
§31D-14-1440. Deposit with State Treasurer. Assets of a dissolved corporation that should be transferred to a creditor, claimant or shareholder of the corporation who cannot be found or who is not competent to receive them are to be reduced to cash and deposited with the State Treasurer or other appropriate state official for safekeeping. When […]
§31D-14-1422. Reinstatement Following Administrative Dissolution
(a) A corporation administratively dissolved under section one thousand four hundred twenty-one of this article may apply to the Secretary of State for reinstatement within two years after the effective date of dissolution. The application must: (1) Recite the name of the corporation and the effective date of its administrative dissolution;
§31D-14-1405. Effect of Dissolution
(a) A dissolved corporation continues its corporate existence but may not carry on any business except those appropriate to wind up and liquidate its business and affairs, including: (1) Collecting its assets;
§31D-14-1406. Known Claims Against Dissolved Corporation
(a) A dissolved corporation may dispose of the known claims against it by following the procedure described in this section. (b) The dissolved corporation shall notify its known claimants in writing of the dissolution at any time after its effective date. The written notice must: (1) Describe information that must be included in a claim;