If a corporation is in the process of voluntary winding up, a court, upon the petition of the corporation, a five-percent shareholder, or three or more creditors, and upon notice to the corporation and to other persons interested in the corporation as shareholders and creditors as the court may order, may take jurisdiction over the voluntary winding-up proceeding if it appears necessary for the protection of any parties in interest. The court, if it assumes jurisdiction, may make orders as to any and all matters concerning the winding up of the affairs of the corporation and for the protection of its shareholders and creditors of the corporation.
Section: Previous 10.06.605 10.06.608 10.06.610 10.06.613 10.06.615 10.06.618 10.06.620 10.06.623 10.06.625 10.06.628 10.06.630 10.06.633 10.06.635 10.06.638 10.06.640 NextLast modified: November 15, 2016