Colorado § 7-114-302 Procedure for judicial dissolution

Colorado Statutes

§ 7-114-302 — Procedure for judicial dissolution

Colorado·Title 07 Corporations·Art. Dissolution

(1)A proceeding by the attorney general to dissolve a corporation shall be brought in the district court for the county in this state in which the street address of the corporation's principal office or the street address of its registered agent is located or, if the corporation has no principal office in this state and no registered agent, in the district court for the city and county of Denver. A proceeding brought by any other party named in section 7-114-301 shall be brought in the district court for the county in this state in which the street address of the corporation's principal office is located or, if it has no principal office in this state, in the district court for the county in which the street address of its registered agent is located, or, if the corporation has n

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(1) A proceeding by the
attorney general to dissolve a corporation shall be brought in the district court for
the county in this state in which the street address of the corporation's principal
office or the street address of its registered agent is located or, if the corporation
has no principal office in this state and no registered agent, in the district court for
the city and county of Denver. A proceeding brought by any other party named in
section 7-114-301 shall be brought in the district court for the county in this state in
which the street address of the corporation's principal office is located or, if it has
no principal office in this state, in the district court for the county in which the
street address of its registered agent is located, or, if the corporation has no
registered agent, in the district court for the city and county of Denver.

(2) It is not necessary to make shareholders parties to a proceeding to
dissolve a corporation unless relief is sought against them individually.

(3) A court in a proceeding brought to dissolve a corporation may issue
injunctions, appoint a receiver or custodian pendente lite with all powers and duties
the court directs, take other action required to preserve the corporate assets
wherever located, and carry on the business of the corporation until a full hearing
can be held.

(4) Within ten days after the commencement of a proceeding to dissolve a
corporation under section 7-114-301 (2), the corporation shall send to all
shareholders, other than the petitioner, a notice stating that the shareholders are
entitled to avoid the dissolution of the corporation by electing to purchase the
petitioner's shares under section 7-114-305 and accompanied by a copy of section
7-114-305.

Colorado § 7-114-302 (Procedure for judicial dissolution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 93: Entire article added, p. 831, � 1, effective July 1, 1994. L. 96: (1) amended, p. 1326, � 42, effective June 1. L. 2003: (1) amended, p. 2330, � 269, effective July 1, 2004. L. 2019: (4) added, (SB 19-086), ch. 166, p. 1961, � 58, effective July 1, 2020.