When May a Corporation be Judicially Dissolved?


A corporation may be judicially dissolved in a proceeding brought by a shareholder if it is established that: “The directors or those in control of the corporation have acted, are acting, or will act in a manner that is illegal, oppressive, or fraudulent.” Section 7-114-301(2)(b). [B]urdensome, harsh and wrongful conduct; a lack of probity and [...]

April 30th, 2009 by admin 
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