Decree of Dissolution

Decree of Dissolution. (a) If after a hearing the court determines that one or more grounds for judicial dissolution described in 4 CMC § 4621 exist, it may enter a decree dissolving the corporation and specifying the effective date of the dissolution, and the clerk of the court shall deliver a certified copy of the decree to the Registrar of Corporations, who shall file it. (b) After entering the decree of dissolution, the court shall direct the winding up and liquidation of the corporation’s business and affairs in accordance with 4 CMC § 4605 and the notification of claimants in accordance with 4 CMC §§ 4606 and 4607. Source: PL 10-7, § 1 (Bus. Corp. Reg. § 14.33).