Section 24.03.250. Involuntary dissolution.

Latest version.

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.

[ 1969 ex.s. c 163 § 2; 1967 c 235 § 51.]

1969 ex.s. c 163 § 2; 1967 c 235 § 51.

                    
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