Extraordinary relief; dissolution

(a) The court may dissolve the corporation if it finds that: (1) There are one or more grounds for judicial dissolution under Code Section 14-2-1430; or (2) All other relief ordered by the court under Code Section 14-2-941 or Code Section 14-2-942 has failed to resolve the matters in dispute. (b) In determining whether to dissolve the corporation, the court shall consider among other relevant evidence the financial condition of the corporation but may not refuse to dissolve solely because the corporation has accumulated earnings or current operating profits. (Code 1981, § 14-2-943, enacted by Ga. L. 1988, p. 1070, § 1.) COMMENT See the Comments to Sections 14-2-940 — 942. Cross-References Dissolution generally, see Article 14. Judicial dissolution, see § 14-2-1430. Relief cumulative, see § 14-2-941. 354 T.14, C.2, A.9, P.6 BUSINESS CORPORATIONS 14-2-1001 PART 6 TRANSITION PROVISIONS 14-2-950. Application to existing corporations.