Involuntary dissolution

A corporation may be dissolved involuntarily by a decree of the district court of Santa Fe county in an action filed by the attorney general when it is established that the corporation: A. procured its articles of incorporation through fraud; or B. has continued to exceed or abuse the authority conferred upon it by law. History: 1953 Comp., § 51-29-13, enacted by Laws 1967, ch. 81, § 91.