§ 23-1-47-4 — Decree of dissolution; winding up affairs

Indiana § 23-1-47-4

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 1: INDIANA BUSINESS CORPORATION LAW
• Ch. 47: Judicial Dissolution

Text

(a) If, after a hearing, the court determines that
one (1) or more grounds for judicial dissolution described in section 1
of this chapter 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 secretary of
state, 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 IC 6-8.1-10-9 and IC 23-1-45-5 and the notification
of claimants in accordance with IC 23-1-45-6 and IC 23-1-45-7.

Legislative History

As added by P.L.149-1986, SEC.31. Amended by P.L.73-1988, SEC.3.