§1430. Grounds for judicial dissolution A corporation may be dissolved by a judicial dissolution in a proceeding by: [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 1. Attorney General. The Attorney General if it is established that: A. The corporation obtained its articles of incorporation […]
§1431. Procedure for judicial dissolution 1. Venue. Venue for a proceeding by the Attorney General to dissolve a corporation lies in Kennebec County. Venue for a proceeding brought by any other party named in section 1430 lies in the county where a corporation’s principal office is or was last located or, if none in this […]
§1432. Receivership 1. Appoint receivers. A court in a judicial proceeding brought to dissolve a corporation may appoint one or more receivers to manage and to wind up and liquidate the business and affairs of the corporation. The court shall hold a hearing, after notifying all parties to the proceeding and any interested persons designated […]
§1433. Decree of dissolution 1. Decree dissolving corporation. If after a hearing a court determines that one or more grounds for judicial dissolution described in section 1430 exist, it may enter a decree dissolving a corporation and specifying the effective date of the dissolution, and the clerk of the court shall deliver a certified copy […]
§1434. Discretion of court to grant relief other than dissolution 1. Intervention by shareholder. Any shareholder of a corporation may intervene in an action brought by another shareholder under section 1430, subsection 2 to dissolve the corporation in order to seek relief other than dissolution. [PL 2001, c. 640, Pt. A, §2 (NEW); PL […]
