South Carolina Statutes
§ 33-18-430 — Extraordinary relief: dissolution.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 18 STATUTORY CLOSE CORPORATION SUPPLEMENT
(a)The court may dissolve the corporation if it finds:
(1)there are grounds for judicial dissolution under Section 33-14-300; or (2) all other relief ordered by the court under Section 33-18-410 or 33-18-420 has failed to resolve the matters in dispute.
(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.
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South Carolina § 33-18-430 (Extraordinary relief: dissolution.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Derived from 1976 Code SECTION 33-21-150 [1962 Code SECTION 12-22.15; 1952 Code SECTION 12-651; 1942 Code SECTION 7725; 1932 Code SECTION 7725; 1922 (32) 1026; 1962 (52) 1996, 1963 (53) 327; 1981 Act No. 146, SECTION 2; Repealed, 1988 Act No. 444, SECTION 4(1)], and SECTION 33-21-155 [1981 Act No. 146, SECTION 2; Repealed, 1988 Act No. 444, SECTION 4(1)]; 1988 Act No. 444, SECTION 2. ARTICLE 6 Transition Provisions
Nearby Sections
15
§ 33-18-101
Short title.§ 33-18-110
Share transfer prohibition.§ 33-18-150
Exercise of compulsory purchase right.§ 33-18-160
Court action to compel purchase.§ 33-18-170
Court costs and other expenses.§ 33-18-200
Shareholder agreements.§ 33-18-210
Elimination of board of directors.§ 33-18-220
Bylaws.§ 33-18-230
Annual meeting.