A corporation incorporated under the provisions of §§ 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224 may be dissolved involuntarily by a decree of the Pulaski County Circuit Court in an action filed by the Attorney General or by a decree of the circuit court of the county in which that corporation is domiciled in an action filed by the prosecuting attorney when it is established that:
(1) The corporation procured its articles of incorporation through fraud;
(2) The corporation has continued to exceed or abuse the authority conferred upon it by law;
(3) The corporation has failed for ninety (90) days to appoint and maintain a registered agent in this state;
(4) The corporation has failed to keep proper accounting records as provided in §§ 4-28-201 -- 4-28-206 and 4-28-209 -- 4-28-224;
(5) The corporation constitutes a public nuisance; or
(6) The corporation has violated the laws of this state or the rules and regulations of any state regulatory board or commission having jurisdiction of any activity of the corporation.
Section: Previous 4-28-212 4-28-213 4-28-214 4-28-215 4-28-216 4-28-217 4-28-218 4-28-219 4-28-220 4-28-221 4-28-222 4-28-223 4-28-224 4-28-225 NextLast modified: November 15, 2016