24.03.245  <<  24.03.250 >>   24.03.255

Involuntary dissolution. (Effective until January 1, 2022.)

A corporation may be dissolved involuntarily by a decree of the superior court in an action filed by the attorney general when it is established that:
(1) The corporation procured its articles of incorporation through fraud; or
(2) The corporation has continued to exceed or abuse the authority conferred upon it by law.
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