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Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 2. BUSINESS CORPORATIONS · Article 9. CLOSE CORPORATIONS · Part 5. JUDICIAL SUPERVISION

14-2-943. Extraordinary relief; dissolution.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (a)

    The court may dissolve the corporation if it finds that:#

    1. (1)

      There are one or more grounds for judicial dissolution under Code Section 14-2-1430; or#

    2. (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.#

  2. (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.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 14-2-943, enacted by Ga. L. 1988, p. 1070, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t14-(v12)-2017-pdf.pdf, Volume V12, 2017 edition, page 354; merge action: carried; file SHA-256 f2fad2b71b39.