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  • SECTION 1101
    Attorney-general's action for judicial dissolution
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  • ARTICLE 11
    Judicial Dissolution
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  • SECTION 1103
    Shareholders' petition for judicial dissolution
    • This entry was published on 2014-09-22
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    SECTION 1102

    Directors' petition for judicial dissolution

    Business Corporation (BSC) CHAPTER 4, ARTICLE 11

    § 1102. Directors' petition for judicial dissolution.

    If a majority of the board adopts a resolution that finds that the
    assets of a corporation are not sufficient to discharge its liabilities
    or that a dissolution will be beneficial to the shareholders, it may
    present a petition for its dissolution.