§ 1101 — Attorney-general's action for judicial dissolution

§ 1101. Attorney-general's action for judicial dissolution.\n (a) The attorney-general may bring an action for the dissolution of a\ncorporation upon one or more of the following grounds:\n (1) That the corporation procured its formation through fraudulent\nmisrepresentation or concealment of a material fact.\n (2) That the corporation has exceeded the authority conferred upon it\nby law, or has violated any provision of law whereby it has forfeited\nits charter, or carried on, conducted or transacted its business in a\npersistently fraudulent or illegal manner, or by the abuse of its powers\ncontrary to public policy of the state has become liable to be\ndissolved.\n (b) An action under this section is triable by jury as a matter or\nright.\n (c) The enumeration in paragraph (a) of grounds for dissolution shall\nnot exlude actions or special proceedings by the attorney-general or\nother state officials for the annulment or dissolution of a corporation\nfor other causes as provided in this chapter or in any other statute of\nthis state.\n