California Corporations Code CHAPTER 15 - Involuntary Dissolution

  • Section 12620.
    (a) A complaint for involuntary dissolution of a corporation on any one or more of the grounds specified in subdivision (b) may be filed in the...
  • Section 12621.
    (a) The Attorney General may bring an action against any corporation or purported corporation in the name of the people of this state, upon the Attorney...
  • Section 12622.
    If the ground for the complaint for involuntary dissolution of the corporation is a deadlock in the board as set forth in paragraph (2) of...
  • Section 12623.
    If, at the time of the filing of a complaint for involuntary dissolution or at any time thereafter, the court has reasonable grounds to believe...
  • Section 12624.
    After hearing the court may decree a winding up and dissolution of the corporation if cause therefor is shown or, with or without winding up...
  • Section 12625.
    (a) Involuntary proceedings for winding up a corporation commence when the order for winding up is entered under Section 12624.(b) When an involuntary proceeding for winding up...
  • Section 12626.
    When an involuntary proceeding for winding up has been commenced, the jurisdiction of the court includes:(a) The requirement of the proof of all claims and demands...
  • Section 12627.
    (a) All creditors and claimants may be barred from participation in any distribution of the general assets if they fail to make and present claims and...
  • Section 12628.
    (a) Upon the final settlement of the accounts of the directors or other persons appointed pursuant to Section 12625 and the determination that the corporation’s affairs...
  • Section 12629.
    Whenever a corporation is dissolved or its existence forfeited by order, decree, or judgment of a court, a copy of the order, decree or judgment,...

Last modified: October 22, 2018